n NISM Certifications
NSM General NISM
Medium

What is the purpose of collecting KYC documents by insurers?

Practice question from IC 38 Mock Test 13 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. To determine the True identity of their customers

    Correct answer

  2. B

    To determine the risk profile of the insured

  3. C

    To verify the proof of age

  4. D

    To provide details about the insurance product.

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

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