n NISM Certifications
NSM General NISM
Medium

How does including or excluding death cover affect premiums for group PA policies?

Practice question from IC 38 Mock Test 17 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Excluding death cover significantly reduces the premium

  2. B

    Including death cover significantly increases the premium

  3. C

    Premiums remain unchanged whether death cover is included or excluded

  4. Premiums depend on sum assured, hours of duty, and other factors, irrespective of death cover inclusion

    Correct answer

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.