Q. What is the purpose of charging an extra premium?

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Q. What are the documents necessary for risk selection that an underwriter needs to review?

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Q. What is the underwriter's classification of risk based on the assessment of extra mortality rates?

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Q. What decisions can an underwriter take with respect to a risk?

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Q. In what situations can an underwriter choose to accept a sub-standard risk by charging extra premium?

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Q. What is the difference between extra premium based extra mortality rate and standard extra premium?

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Q. What are the two kinds of exclusions that an underwriter can impose when accepting a risk with exclusions?

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Q. In which case would an underwriter defer or postpone a decision on a proposal?

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Q. How long can an underwriter defer or postpone a decision on a proposal?

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Q. What is the benefit of deferment or postponement of risk for the insurer?

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Q. In which case would an underwriter decline a proposal?

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Q. Can an underwriter decline a proposal from an applicant with an incurable disease?

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Q. In which of the following ways can an insurance company communicate its terms of acceptance to a life insured?

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Q. What are riders in life insurance policies?

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Q. When can riders be added to a life insurance policy?

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Q. Do riders need to be underwritten like the base cover?

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Q. Which rider can be added only at the commencement of the policy contract?

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Q. What is the purpose of the waiver of premium (WoP) rider or Premium Waiver Benefit (PWB) rider?

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Q. What is the purpose of the critical illness (C.I.) rider?

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Q. What is the purpose of the accidental death benefit (ADB) rider?

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