What is a Unit Fund?

<p>I want to know What is a Unit Fund?</p>

Answer (1)

Team Legistify

Team Legistify

  • Sector-1, Noida

The allocated (invested) portions of the premiums after deducting for all the charges and premium for risk cover under all policies in a particular fund as chosen by the policyholders are pooled together to form a Unit fund.

Answered on 28 Sep 2018


Was this answer helpful?

Didn't find the answer you are looking for?

Talk to experienced lawyer online and get your answered in minutes.

Advocate Amarinder singhAdvocate Anurag GargAdvocate Syed Razzaq AhmedAdvocate Aseem Goswami+50