Question

What is the difference between MSAR and FSAR?

a.

MSAR refers to the total face-value or sum assured under risk for a certain policy, while FSAR covers the total sum assured existing and proposed with all insurance companies.

b.

MSAR refers to the total sum assured of all insurance policies with the insurer+ riders, while FSAR takes into account only the amount of insurance with other insurance companies.

c.

MSAR is used for financial underwriting, while FSAR is used for medical underwriting.

d.

MSAR is used for medical underwriting, while FSAR is used for financial underwriting.

Posted under IC22 Life Insurance Underwriting

Answer: (a).MSAR refers to the total face-value or sum assured under risk for a certain policy, while FSAR covers the total sum assured existing and proposed with all insurance companies. Explanation:The difference between MSAR and FSAR is that MSAR refers to the total face-value or sum assured under risk for a certain policy, while FSAR covers the total sum assured existing and proposed with all insurance companies.

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Q. What is the difference between MSAR and FSAR?
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