The correct answer is C. Both I and II.
Unit-linked insurance plans (ULIPs) and variable insurance plans (VIPs) are both non-traditional saving life insurance products that are permitted in India. ULIPs are a type of investment-linked insurance product that combines life insurance with investment in units of a mutual fund. VIPs are a type of unit-linked insurance plan that invests in a basket of assets, such as stocks, bonds, and other securities.
Both ULIPs and VIPs offer a number of advantages over traditional life insurance products, such as greater flexibility and control over your investments, the potential for higher returns, and tax benefits. However, they also come with some risks, such as the potential for losses in your investments.
If you are considering investing in a non-traditional saving life insurance product, it is important to
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