n NISM Certifications
X NISM Series X
Medium

In __________, it is possible to take insurance cover for an event that is certain to occur.

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Motor Insurance

  2. B

    Aviation Insurance

  3. C

    Health Insurance

  4. Life Insurance Cover

    Correct answer

Why this is the answer

Life insurance pays out upon the death of the insured, which is a certain event, only the timing is uncertain.

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