n NISM Certifications
NSM General NISM
Medium

How does the age profile of members in a group policy affect the premium?

Practice question from IC 38 Mock Test 20 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    It determines individual coverage limits

  2. B

    It influences waiting periods for certain conditions

  3. It impacts the premium amount based on age-related risk factors

    Correct answer

  4. D

    It has no effect on premium calculation

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

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