n NISM Certifications
NSM General NISM
Medium

When does a death claim arise in a life insurance policy?

Practice question from IC 38 Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Upon the policyholder's decision to surrender the policy

  2. B

    When the insured survives the entire policy term

  3. Upon the death of the life assured

    Correct answer

  4. D

    When the policyholder fails to pay the premium

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

Test yourself for real

Take a full General NISM mock test.

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