n NISM Certifications
NSM General NISM
Medium

What factors are considered when setting premiums for life insurance policies?

Practice question from IC 38 Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Mortality, interest, expense management, and reserves

    Correct answer

  2. B

    Deductibles, co-pays, and out-of-pocket limits

  3. C

    Market demand and competition

  4. D

    Policyholder's age and occupation

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

Test yourself for real

Take a full General NISM mock test.

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