n NISM Certifications
NSM General NISM
Medium

What is the purpose of a no-claim bonus in health insurance?

Practice question from IC 38 Mock Test 15 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    To increase the premium for the next year

  2. To reward policyholders for not making claims

    Correct answer

  3. C

    To reduce the coverage

  4. D

    To increase deductibles

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

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