n NISM Certifications
X NISM Series X
Medium

Which type of insurance plan does not provide a death benefit to beneficiaries?

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Critical illness insurance

    Correct answer

  2. B

    Endowment insurance

  3. C

    Money back insurance plan

  4. D

    ULIP

Why this is the answer

Critical illness insurance pays a lump sum upon diagnosis of specific illnesses, with no death benefit component; it is purely health-related coverage.

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