n NISM Certifications
NSM General NISM
Medium

What type of claim is described when the insured receives a fixed sum regardless of actual expenses?

Practice question from IC 38 Mock Test 10 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Claim based on treatment expenses

  2. B

    Claim based on age

  3. Fixed sum claim

    Correct answer

  4. D

    Claim based on insurer’s profits

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

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