n NISM Certifications
NSM General NISM
Medium

Why is it important to give proper advice on the amount of insurance to be purchased?

Practice question from IC 38 Mock Test 14 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    To ensure the customer spends the maximum amount on insurance

  2. B

    To make sure the customer purchases unnecessary insurance

  3. To link the amount of insurance to the customer's income and paying capacity

    Correct answer

  4. D

    To sell as much insurance as possible to the customer

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

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