n NISM Certifications
NSM General NISM
Medium

How does a Money Back policy work?

Practice question from IC 38 Mock Test 14 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Full sum assured at term end

  2. B

    Premiums returned at term end

  3. Sum assured paid in instalments during term, balance at end

    Correct answer

  4. D

    Sum assured only on death

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

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