n NISM Certifications
NSM General NISM
Medium

What is convertibility in term insurance policies?

Practice question from IC 38 Mock Test 18 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Allows purchase of large insurance on a limited budget

  2. B

    Provides supplementary benefits increasing death benefit

  3. C

    Valid only for a limited time period

  4. Allows conversion of term policy into a permanent plan without new medical evidence

    Correct answer

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

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