n NISM Certifications
X NISM Series X
Medium

Which advantage is provided by insurance in personal finance?

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

Options

  1. A

    Financial security after death

  2. B

    Protection from large expenses

  3. C

    Safeguarding investments

  4. All of the above

    Correct answer

Why this is the answer

Insurance offers comprehensive protection against life risks, medical costs, and certain investments.

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