insurence exam LIC AAO Mock Test 2023 General Knowledge

What does the unbundling of Life Assurance Products refer to?

1
Correlation of Life Assurance Products with Bonds.
2
Correlation of Life Assurance Products with Equities.
3
Amalgamation of Protection-Element and Savings-Element.
4
Separation of the Protection-Element and Savings-Element.
5
Both 1 & 2.
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