n NISM Certifications
NSM General NISM
Medium

What is the savings component in many life insurance policies?

Practice question from IC 38 Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    A small portion of an individual’s savings

  2. B

    A separate policy from the risk cover

  3. A significant part of an individual’s savings

    Correct answer

  4. D

    A term insurance policy

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

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