n NISM Certifications
NSM General NISM
Medium

How does the sum insured vary in policies with a fixed plan basis?

Practice question from IC 38 Mock Test 13 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    The sum insured remains the same for all sections of cover

  2. B

    The sum insured is determined based on the individual's age

  3. C

    The sum insured is determined based on the individual's occupation

  4. The sum insured varies for each section of cover as per the chosen plan

    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.