n NISM Certifications
X NISM Series X
Medium

An Endowment insurance plan is characterized by which feature?

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Safety feature only

  2. Investment feature only

    Correct answer

  3. C

    Both safety and investment features

  4. D

    Neither safety nor investment features

Why this is the answer

Endowment plans combine insurance with a savings component, providing maturity benefits along with life cover.

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