n NISM Certifications
NSM General NISM
Medium

What is the purpose of nomination in life insurance?

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

Options

  1. Propose the beneficiary who will receive sum assured after death

    Correct answer

  2. B

    Transfer rights, title, and interest in policy

  3. C

    Make alterations to policy terms

  4. D

    Provide extra time to pay premium

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

Test yourself for real

Take a full General NISM mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.