n NISM Certifications
X NISM Series X
Medium

Which statement accurately reflects the role of an adviser regarding insurance and investments?

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Advisers advise only on ULIPs and not other insurance products

  2. B

    SEBI and IRDA prohibit one person from advising on both

  3. Advisers should provide holistic advice covering investments and insurance

    Correct answer

  4. D

    Insurance and investment advice roles should be strictly separate

Why this is the answer

A comprehensive financial adviser integrates both investment and insurance planning to give clients a complete financial picture.

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