n NISM Certifications
NSM General NISM
Medium

How is the maximum pay-out for each listed treatment in a policy determined?

Practice question from IC 38 Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Based on the insured’s income level

  2. B

    Based on the insured’s age

  3. C

    Based on the insurer’s profit level

  4. Clearly mentioned in the policy

    Correct answer

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

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