n NISM Certifications
X NISM Series X
Medium

When a bank acts as the corporate agent of an insurance company, it is referred to as a bancassurance arrangement or partnership.

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Bancassurance Arrangement

    Correct answer

  2. B

    Direct Insurance Broker

  3. C

    Re-insurance Broker

  4. D

    Insurance Agent

Why this is the answer

A bank operating as a corporate agent for an insurer facilitates insurance product distribution through a bancassurance partnership.

Test yourself for real

Take a full NISM Series X mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.