n NISM Certifications
X NISM Series X
Medium

Is overseas travel insurance compulsory for an Indian citizen travelling abroad?

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Not compulsory for persons below 50

  2. B

    Depends on luggage value

  3. C

    Depends on distance from home

  4. Usually not compulsory but may be mandatory for some countries

    Correct answer

Why this is the answer

Travel insurance is generally optional but may be a mandatory requirement for entry into certain countries.

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