Question

While calculating the Internal Rate of Return (IRR) of an insurance plan,
premiums should be expressed with negative symbol as they are outflows
for a customer, and the benefits received are positive cash flows.
Identify whether the above statement is true or false.
False
True​

Answer 1

Answer:

I think the answer will be TRUE.

Explanation:

Please mark as BRAINLIEST.

Answer 2

Answer:

The given statement is True.

There are two sorts of death provisions in ULIPs: one where you get the Sum Assured or the Fund Value, whichever is higher, and the other where you get both.

People are becoming more knowledgeable these days, but in terms of insurance goods, more awareness is required. The primary purpose of insurance is to provide financial support to the family in the event of death, rather than as a true investment instrument. There are several better yielding investment solutions accessible in the market if you are looking for a complete investing solution. You can do so while purchasing a term plan with a cheaper premium and a bigger Sum Assured.