Business Studies, asked by Jyotsnashyam54, 10 months ago

ULIPs

You saw that Rohan had paid ₹15,000 as his premium, but his fund value is ₹14,500. Where did the rest of the amount go?

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Answered by gch10ico73

Answer:

Unit linked Insurance Plan) is a plan in which the policyholder pays an annual or monthly premium, where-in the ULIP acts as a life insurance product as well as an investment. It provides a life insurance cover to the policy holder along with investment options. A small amount of the premium goes to secure the life of the investor and the rest of the money is put into investments such as stocks, bonds or mutual funds.

Answered by tusharraj77123

VERIFED ANSWER

THE REST GOES TO THE TAXES

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ULIPsYou saw that Rohan had paid ₹15,000 as his premium, but his fund value is ₹14,500. Where did the rest of the amount go?​

Answers

VERIFED ANSWER

THE REST GOES TO THE TAXES

ULIPs

You saw that Rohan had paid ₹15,000 as his premium, but his fund value is ₹14,500. Where did the rest of the amount go?