n NISM Certifications
X NISM Series X
Medium

While calculating health insurance premiums, all factors such as the medical history, tenure of insurance, and sum insured are important, so none of these can be disregarded in premium determination.

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

Options

  1. A

    The medical history of the insured

  2. B

    The tenure of insurance

  3. C

    The sum insured

  4. None of the above

    Correct answer

Why this is the answer

All listed factors influence the premium, and no single factor can be ignored in premium calculation.

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