n NISM Certifications
NSM General NISM
Medium

What is the purpose of the waiting period and survival clause in a policy?

Practice question from IC 38 Mock Test 11 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    To delay the payment of benefits

  2. B

    To ensure policyholder's compliance with medical treatments

  3. C

    To protect the insurer from immediate claims after policy inception

  4. To allow time for accurate diagnosis and assessment of the illness

    Correct answer

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

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