Q. What is the diminishing lien method?

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Q. What is sub-standard risk?

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Q. What is the purpose of statistical data in a mortality table?

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Q. What is life insurance underwriting?

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Q. What happens to the bonus for 'with profit' policies in case of diminishing lien, if the insured dies within the lien period?

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Q. What is the reason for declining a proposal?

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Q. What happens to a proposal after the postponement period?

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Q. What is the benefit of postponing the acceptance of risk?

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Q. When can the acceptance of risk be postponed for a female applicant in the insurance industry?

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Q. What is the benefit of postponement of acceptance of risk to the client and insurer?

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Q. How is the proposal evaluated after the postponement period in the underwriting process?

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Q. In what scenario can an underwriter take a decision to postpone a proposal?

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Q. What is the Postponement of acceptance of risk in the insurance industry?

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Q. In which scenario would an insurance company not pay any claim if the person dies in an air-crash?

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Q. What could be the consequence of issuing policies with specific exclusions and assigning them to mortgage loans?

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Q. If the insured dies due to a condition that has been excluded from the policy, what does the insurance company do?

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Q. What is the purpose of the specific exclusion clause in an insurance policy?

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Q. In which method of acceptance does the insurance company restrict the payout of a claim for the full cover under certain conditions?

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Q. What is the lien period in a policy with a 25% diminishing lien for 5 years?

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Q. Why is the method of diminishing lien currently not used in India?

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