n NISM Certifications
NSM General NISM
Medium

What right does a nominee get under a life insurance policy nomination?

Practice question from IC 38 Mock Test 9 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Ownership rights over the policy

  2. The right to receive policy proceeds upon the life assured’s death

    Correct answer

  3. C

    Ability to change the policy's terms and conditions

  4. D

    Authority to borrow against the policy's cash value

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

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