The correct options are A and B.
A. ULIPS are bundled products.
A Unit-Linked Insurance Plan (ULIP) is a type of life insurance policy that combines life insurance with investment features. The policy holder pays a premium, which is used to purchase units in a fund. The value of the units will fluctuate based on the performance of the underlying investments. The policy holder can also choose to invest in a variety of different funds, depending on their risk tolerance and investment goals.
B. ULIPS have clear aspects of term, expenses and savings components.
A ULIP policy will typically have a term, which is the length of time that the policy will be in effect. The policy holder will also pay a number of expenses, including mortality charges, administrative charges, and fund management fees. The savings component of the policy is the amount of money that the policy holder will accumulate over time, based on the performance of the underlying investments.
C. In ULIP Plans the investment risk is borne by the Insurer.
This is not always the case. In some ULIP plans, the policy holder bears some or all of the investment risk. This is usually the case in plans that offer a choice of investment options, such as equity funds, debt funds, and hybrid funds.
D. Value of units is determined in advance as per a formula of the Insurer.
This is also not always the case. The value of units in a ULIP plan will fluctuate based on the performance of the underlying investments. The policy holder will usually be able to see the current value of their units on the insurer’s website or in their policy documents.