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__________ are those where a part of the premium is charged for the risk cover and the rest is invested in selected

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Question: __________ are those where a part of the premium is charged for the risk cover and the rest is invested in selected mutual funds as per the choice of the investor.

Options:

  1.  Mutual fund insurance
  2.  Unit-linked insurance
  3.  Double insurance
  4.  Partial insurance

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2. Unit-linked Insurance

Unit-linked Insurance are those where a part of the premium is charged for the risk cover and the rest is invested in selected mutual funds as per the choice of the investor.

More information:

A Unit Linked Insurance Plan is a product offered by insurance companies where the premium is shared as charge for risk coverage and also, investment in mutual funds.

Unlike a pure insurance policy, it gives investors both insurance and investment under a single plan.

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