Question

What factors are generally considered in the norms for determining whether a proposal is to be underwritten on a medical or non-medical basis?

a.

The medical grid, the age of the life to be assured, and the total financial-sum-at-risk

b.

The age of the life to be assured, the total medical-sum-at-risk, and the product applied for

c.

The personal and medical history of the life to be assured, the product applied for, and the applicant's occupation

d.

The BMI, the personal and medical history of the life to be assured, and the applicant's lifestyle

Posted under IC22 Life Insurance Underwriting

Answer: (b).The age of the life to be assured, the total medical-sum-at-risk, and the product applied for Explanation:The factors generally considered in the norms for determining whether a proposal is to be underwritten on a medical or non-medical basis are the age of the life to be assured, the total medical-sum-at-risk, and the product applied for.

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Q. What factors are generally considered in the norms for determining whether a proposal is to be underwritten on a medical or non-medical basis?
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