Q. What is extra mortality rate or EMR?

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Q. What is the concept of favourable and unfavourable factors in risk assessment?

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Q. What is the value range of a standard life in risk assessment?

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Q. How are credit ratings used in risk classification?

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Q. What does an extra mortality rating of 100% imply?

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Q. What is the final rate based on which the applicant is classified in the risk classification process?

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Q. How is the total accumulation of debit and credit rounded off in the risk classification process?

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Q. In the risk classification process, how are the ratings for unfavourable factors treated?

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Q. What is a standard life in the risk classification process?

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Q. What is the range of assessment values for an individual to be categorized as standard risk in life insurance?

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Q. How is an individual categorized if their assessment value is more than 125% in the risk classification process?

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Q. What does an individual having an extra mortality rating of 100% imply?

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Q. What is the combined effect of unfavourable factors in the risk classification process?

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Q. How is the total credit rating for extra mortality calculated for an individual with multiple unfavourable factors?

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Q. What is the "combination factor" in underwriting?

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Q. What are some advantages of the numerical rating system in underwriting?

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Q. Why is charging a level extra premium for substandard lives throughout the term of the policy contract considered unfair for some individuals?

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Q. What is a temporary extra in the context of the numerical rating system?

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Q. What is a limitation of the numerical rating system?

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Q. How does an individual's occupation impact their risk profile?

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