n NISM Certifications
NSM General NISM
Medium

What is the main purpose of life insurance?

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

Options

  1. A

    To provide income after retirement

  2. B

    To protect assets like home or vehicle

  3. To provide income and meet expense requirements of dependents in case of premature death of the breadwinner

    Correct answer

  4. D

    To cover hospitalization expenses in medical emergencies

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

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