Question
a.
The client pays a higher premium charged at the policy commencement stage
b.
The insurer accepts a very high-risk profile at the policy commencement stage
c.
The client gets a fair premium charged to him after the change in his health into a favourable one
d.
The insurer declines the proposal in case of uninsurable health conditions
Posted under IC22 Life Insurance Underwriting
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. What is the benefit of postponement of acceptance of risk to the client and insurer?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. When can the acceptance of risk be postponed for a female applicant in the insurance industry?
View solution
Q. What is the benefit of postponing the acceptance of risk?
View solution
Q. What happens to a proposal after the postponement period?
View solution
Q. What is the reason for declining a proposal?
View solution
Q. What happens to the bonus for 'with profit' policies in case of diminishing lien, if the insured dies within the lien period?
View solution
Q. What is life insurance underwriting?
View solution
Q. What is the purpose of statistical data in a mortality table?
View solution
Q. What is sub-standard risk?
View solution
Q. What is the diminishing lien method?
View solution
Q. What is the specific exclusions method?
View solution
Recommended Subjects
Are you eager to expand your knowledge beyond IC22 Life Insurance Underwriting? We've handpicked a range of related categories that you might find intriguing.
Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!
