In Variable insurance plan, the policy reserves are placed in _________ fund which do not form part of its general investment account.

The correct answer is: B. Separate

A variable insurance plan is a type of life insurance policy that allows the policyholder to invest the policy’s cash value in a variety of investment options, such as stocks, bonds, and mutual funds. The policy reserves are placed in a separate fund that does not form part of the insurance company’s general investment account. This means that the policy reserves are not subject to the same risks as the insurance company’s general investment account.

The other options are incorrect because:

• Option A, “Same,” is incorrect because the policy reserves are not placed in the same fund as the insurance company’s general investment account.
• Option C, “Secured,” is incorrect because the policy reserves are not guaranteed by the insurance company.
• Option D, “Growth,” is incorrect because the policy reserves are not guaranteed to grow.

I hope this helps!