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Question
Which of the following types of companies/organisation issue ULIP?
Options
Banks
Reserve Bank of India
Insurance Companies
Private Companies
MCQ
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Solution
Insurance Companies
Explanation:
ULIP (Unit Linked Insurance Plan) is an investment cum insurance plan where premiums provide life insurance coverage and also invest in market-linked equity, debt, or other instruments. They combine both insurance and investment. Banks, Reserve Bank of India, or Private Companies other than insurance companies do not issue ULIPs.
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