n NISM Certifications
V-A NISM Series V-A
Medium

A person seeking long-term risk cover should opt for ______.

Practice question from Nism VA Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Investment in Gold

  2. Life insurance

    Correct answer

  3. C

    Equity Mutual Funds

  4. D

    Bank Fixed Deposits

Why this is the answer

Life insurance is the appropriate option for long-term risk cover, offering financial protection in case of untimely events.

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