Question
a.
To make products harder to market
b.
To make them less customer-friendly
c.
To make them more customer-friendly
d.
To increase premium rates
Posted under IC22 Life Insurance Underwriting
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. Why is stiff competition amongst insurers necessitating customised underwriting rules?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. What is the inherent challenge of automating the underwriting process?
View solution
Q. Why is the availability of trained underwriters a challenge?
View solution
Q. What is centralised processing of underwriting?
View solution
Q. What does KYC stand for in the insurance industry?
View solution
Q. Why are non-medical underwritten products priced higher than medically underwritten products?
View solution
Q. What is a non-medical grid?
View solution
Q. What happens once the life insurance underwriter approves the proposal?
View solution
Q. What is the underwriting philosophy used for in the insurance industry?
View solution
Q. How do underwriting guidelines impact insurance products?
View solution
Q. What is risk appetite in the insurance industry?
View solution
Recommended Subjects
Are you eager to expand your knowledge beyond IC22 Life Insurance Underwriting? We've handpicked a range of related categories that you might find intriguing.
Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!