n NISM Certifications
NSM General NISM
Medium

How does a higher sum assured influence the premium payable?

Practice question from IC 38 Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    It reduces the premium amount

  2. B

    It has no impact on the premium

  3. It proportionally increases the premium

    Correct answer

  4. D

    It allows deferring the premium payment

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.