The correct answer is C. Unit-linked insurance plan (ULIP) is a combination of insurance and investment. It offers the benefits of both life insurance and investment. With a ULIP, you can invest in a variety of funds, such as equity funds, debt funds, and hybrid funds. The returns from these investments will help you build a corpus for your future needs. In addition, you will also get the benefit of life insurance cover. This means that your family will be financially protected in case of your death.
A money back policy is a type of life insurance policy that offers a lump sum payment at regular intervals, usually after a certain number of years. This payment can be used to meet your financial goals, such as retirement or education.
An endowment plan is a type of life insurance policy that offers a lump sum payment at the end of the policy term, usually after 20 years. This payment can be used to meet your financial goals, such as retirement or education.
Mutual funds are a type of investment that allows you to pool your money with other investors to invest in a variety of assets, such as stocks, bonds, and other securities. Mutual funds are managed by professional fund managers who try to make money for investors by investing in assets that will appreciate in value.
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