Topic Details (Notes format)

Understanding ULIPs (Unit Linked Insurance Plans)

Subject: Static GK (General Knowledge)

Book: Indian Money Knowledge

ULIPs combine insurance coverage with equity or debt investments. A portion of the premium goes toward life insurance, while the rest invests in market-linked funds. While offering tax advantages under Section 80C, ULIPs carry market risk. Insurance charges and fund management fees can affect returns. Students or young professionals seeking dual benefits of insurance and investment may explore ULIPs, but comparing them against term insurance plus separate mutual funds is vital for clarity on cost-effectiveness.

Practice Questions

Which part of the ocean floor is a long, steep-sided depression, usually deeper than 6,000 meters?

View Question

Who discovered immunoglobulin structure?

View Question

Which element has the chemical symbol "Ne"?

View Question

Which element has the chemical symbol "Pa"?

View Question

Who discovered Supernova SN 1987A?

View Question

Who discovered Homo erectus remains?

View Question

Which plant hormone causes the ripening of fruits?

View Question

Which country is known as the "Land of the Rising Sun"?

View Question

In which European city can you find the Trevi Fountain and the Colosseum?

View Question

Who discovered myostatin?

View Question