n NISM Certifications
NSM General NISM
Medium

What is term insurance?

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

Options

  1. A

    Policy with savings and cash value element

  2. Contract valid only during a certain time period

    Correct answer

  3. C

    Policy that covers only accidents

  4. D

    Policy providing coverage for critical illnesses

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

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