n NISM Certifications
NSM General NISM
Medium

How does the terminal bonus vary in a policy?

Practice question from IC 38 Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    It remains the same regardless of contract duration

  2. B

    It decreases as the contract duration increases

  3. It increases with the contract duration

    Correct answer

  4. D

    It depends on the sum assured

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

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