n NISM Certifications
NSM General NISM
Medium

Are Universal Life and Variable Life insurance policies allowed in India?

Practice question from IC 38 Mock Test 16 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Yes, they are still available

  2. No, they are not allowed since 2019

    Correct answer

  3. C

    Yes, but only Variable Life policies are allowed

  4. D

    Yes, but only Universal Life policies are allowed

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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