n NISM Certifications
NSM General NISM
Medium

Which statement is true about policy nomination?

Practice question from IC 38 Mock Test 17 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Nomination is mandatory in life insurance

    Correct answer

  2. B

    Nomination is optional in life insurance

  3. C

    Applicable only for health insurance

  4. D

    Not recognized by law

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

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