Q. What is the purpose of calculating the medical-sum-at-risk?

View solution

Q. What is the difference between MSAR and FSAR?

View solution

Q. What is the purpose of a pre-insurance medical examination?

View solution

Q. Who conducts the pre-insurance medical examination?

View solution

Q. What is included in a pre-insurance medical examination?

View solution

Q. Who pays for the costs of the medical tests?

View solution

Q. What are the additional questionnaires provided to clients during the pre-insurance medical examination for?

View solution

Q. What tests may be conducted during a pre-insurance medical examination?

View solution

Q. How are medical examinations carried out by insurance companies?

View solution

Q. What is the maximum time limit set by IRDA for processing life insurance proposals by insurance companies?

View solution

Q. What triggers the underwriting process of a life insurance proposal?

View solution

Q. What is the role of underwriters in the life insurance underwriting process?

View solution

Q. How has the processing time for the end-to-end underwriting process changed in recent times?

View solution

Q. What happens if the premium to be charged comes to a higher value than what the client applied for through the quote?

View solution

Q. Why might the final premium over-ride the initial quote generated at the pre-underwriting stage?

View solution

Q. What happens if the client does not agree to the terms of the counter-offer suggested by the insurer?

View solution

Q. What is a green channel underwriting in life insurance?

View solution

Q. When does the final premium for a life insurance policy get set?

View solution

Q. How do insurance companies reduce the processing time for underwriting?

View solution

Q. What is the automated rule engine used for in the insurance underwriting process?

View solution