2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Canara Bank
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HSBC
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OBC Life Insurance
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All of these
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Detailed explanation-1: -This plan provides life insurance cover to protect your family in case of your unfortunate demise as well as provides you with the greatest value for your hard earned savings.
Detailed explanation-2: -A ULIP is an insurance plan that offers the dual benefit of investment to fulfil your long-term goals, and a life cover‘ to financially protect your family in case of an unfortunate event. The premium paid towards a ULIP is divided into two parts.
Detailed explanation-3: -PNB to divest 23% stake in Canara HSBC OBC Life Insurance; buyer HSBC’s share to become 49%
Detailed explanation-4: -The NAV of a ULIP plan can be calculated by adding up the total ULIP funds on a date and then deducting expenses like operating and management charges from it. The net value is divided by the total number of units to get the NAV.