n NISM Certifications
NSM General NISM
Medium

What happens to bonuses and additional benefits in participating products upon death of the policyholder?

Practice question from IC 38 Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Not payable as part of death benefit

  2. Payable as part of death benefit if not paid earlier

    Correct answer

  3. C

    Payable only if policyholder survives the term

  4. D

    Not accrued in participating products

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.

IC 38 Mock Test 3