Question

What is the process of medical underwriting in insurance?

a.

Using health related information through a pre-insurance medical screening to take a decision regarding acceptance or rejection of the application.

b.

Providing insurance cover to the prospects on a non-medical basis.

c.

Assessing factors such as body mass index, personal medical history, and family medical history to take a decision on accepting or rejecting the risk.

d.

Verifying the identity and financial documents of the customer.

Posted under IC22 Life Insurance Underwriting

Answer: (a).Using health related information through a pre-insurance medical screening to take a decision regarding acceptance or rejection of the application. Explanation:Medical underwriting refers to the underwriting process whereby underwriters use health related information through a pre-insurance medical screening of a prospect to take a decision regarding acceptance or rejection of the application, or the amount of insurance cover to be provided to the insured.

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