n NISM Certifications
NSM General NISM
Medium

How are premiums calculated for individual insured persons under a family floater policy?

Practice question from IC 38 Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Based on age and sum insured for each individual insured

    Correct answer

  2. B

    Based on age of the oldest member of the family

  3. C

    Charged at a fixed rate for all individuals under the policy

  4. D

    Premiums are not applicable for individual insured persons

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

Test yourself for real

Take a full General NISM mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.