NISM Series X-B Practice Questions - NISM-Series-X-B Investment Adviser (Level 2) Certification Examination Exam

A pure term life insurance plan is characterised by which of the following?

High life cover at low premium with no maturity benefit if the insured survives A guaranteed lump sum on maturity plus bonuses Market-linked investment value with partial withdrawals Lifelong cover with a guaranteed surrender value from year one

Correct Answer:

High life cover at low premium with no maturity benefit if the insured survives

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