Multiple choice

Which of the following is not a traditional type of product offered by insurance companies?

  1. Whole life plan

  2. Endowment plan

  3. Moneyback plan

  4. ULIP

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

ULIP is a life insurance product which provides risk cover for the policy holder along with investment options to invest in any number of qualified investments such as stocks, bonds or mutual funds.