n NISM Certifications
NSM General NISM
Medium

What is a level premium?

Practice question from IC 38 Mock Test 16 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    A premium that decreases with age

  2. B

    A premium that increases with age

  3. A premium that remains constant throughout the contract

    Correct answer

  4. D

    A premium that is paid only once

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

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