n NISM Certifications
XVII NISM Series XVII
Medium

To prove that an insurance policy remains active and in force, the receipts of premiums paid should be retained as evidence.

Practice question from NISM Series XVII- Retirement Adviser Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Current health report from a doctor

  2. B

    Original Policy Document

  3. Receipts of Premiums paid

    Correct answer

  4. D

    All of the above

Why this is the answer

Premium payment receipts serve as proof of policy validity and are essential in processing claims or resolving disputes.

Test yourself for real

Take a full NISM Series XVII mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.