n NISM Certifications
X NISM Series X
Medium

The product that qualifies as a pure insurance product is a Term Insurance Policy, which provides risk coverage only against death within the policy term.

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Money back policy

  2. Term insurance policy

    Correct answer

  3. C

    ULIP

  4. D

    Whole life policy

Why this is the answer

Term insurance offers pure risk protection without investment elements, with premiums typically lower due to the absence of savings features.

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