n NISM Certifications
NSM General NISM
Medium

What is the purpose of the Principle of Pooling in life insurance?

Practice question from IC 38 Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. To provide protection against economic loss due to untimely death

    Correct answer

  2. B

    To increase the profit margin of insurance companies

  3. C

    To make life insurance policies affordable for everyone

  4. D

    To reduce the risk of premature death

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

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