n NISM Certifications
X NISM Series X
Medium

Which of the following products is considered a pure insurance product, providing protection against death without additional benefits?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    ULIP

  2. B

    Money back policy

  3. C

    Whole life policy

  4. Term insurance policy

    Correct answer

Why this is the answer

Term insurance policy offers pure life coverage, paying only upon the death of the insured, without any maturity or savings component, making it a straightforward insurance product focused solely on risk protection.

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.