H04 Health Insurance Underwriting MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on H04 Health Insurance Underwriting, a fundamental topic in the field of IC38 Life Insurance Agent Exam. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our H04 Health Insurance Underwriting MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of H04 Health Insurance Underwriting mcq questions that explore various aspects of H04 Health Insurance Underwriting problems. Each MCQ is crafted to challenge your understanding of H04 Health Insurance Underwriting principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace IC38 Life Insurance Agent Exam tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our H04 Health Insurance Underwriting MCQs are your pathway to success in mastering this essential IC38 Life Insurance Agent Exam topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of H04 Health Insurance Underwriting. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

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H04 Health Insurance Underwriting MCQs | Page 4 of 7

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Q31.
When can a policyholder apply for migration of their health insurance policy?

a.

Anytime during the policy term

b.

Only when switching from a group policy to an individual policy

c.

Only during the initial purchase of a health insurance policy

d.

At least 30 days before the premium renewal date of the existing policy

Discuss
Answer: (d).At least 30 days before the premium renewal date of the existing policy Explanation:A policyholder can apply for migration of their health insurance policy at least 30 days before the premium renewal date of the existing policy.
Q32.
Can insurers levy charges exclusively for migration of health insurance policies?

a.

Yes, insurers can levy charges for migration.

b.

No, insurers cannot levy charges for migration.

c.

Insurers can levy charges if the migration request is made less than 30 days before renewal.

d.

Insurers can levy charges at their discretion.

Discuss
Answer: (b).No, insurers cannot levy charges for migration. Explanation:Insurers cannot levy charges exclusively for migration of health insurance policies as per IRDAI guidelines.
Q33.
What is the basis for risk classification and premium determination in health insurance underwriting?

a.

Migration history

b.

Claim history

c.

Proposal form

d.

Premium payment details

Discuss
Answer: (c).Proposal form Explanation:The proposal form is the basis for risk classification and premium determination in health insurance underwriting. It contains critical information about the proposer's health and personal details, which are essential for underwriting.
Q34.
Why is age proof required in the underwriting process for health insurance?

a.

To verify the occupation of the insured

b.

To determine the financial status of the proposer

c.

To establish the moral hazard of the proposer

d.

To confirm the age of the insured

Discuss
Answer: (d).To confirm the age of the insured Explanation:Age proof is required in the underwriting process to confirm the age of the insured, as premiums are determined based on the age of the insured.
Q35.
Which of the following is considered a standard age proof for health insurance?

a.

Ration card

b.

Voter ID

c.

School certificate

d.

Gram panchayat certificate

Discuss
Answer: (c).School certificate Explanation:School certificate is considered a standard age proof for health insurance.
Q36.
In which situations are financial documents typically asked for in health insurance underwriting?

a.

For all health insurance applications

b.

For personal accident covers only

c.

For high sum assured coverage only

d.

When there is a mismatch between stated income and coverage sought

Discuss
Answer: (d).When there is a mismatch between stated income and coverage sought Explanation:Financial documents are typically asked for in health insurance underwriting when there is a mismatch between the stated income and coverage sought.
Q37.
What leads to the requirement of medical reports in health insurance underwriting?

a.

The age of the insured

b.

The occupation of the proposer

c.

The sum assured opted

d.

Information provided in the proposal form

Discuss
Answer: (d).Information provided in the proposal form Explanation:The requirement of medical reports in health insurance underwriting is based on the information provided in the proposal form.
Q38.
How can sales personnel be viewed in the underwriting process for health insurance?

a.

As independent third-party underwriters

b.

As grassroots level underwriters for the company

c.

As competitors to the insurer

d.

As unrelated to the underwriting process

Discuss
Answer: (b).As grassroots level underwriters for the company Explanation:Sales personnel can be viewed as grassroots level underwriters for the company, and the information they provide in their reports can be considered in the underwriting process. However, there may be a conflict of interest due to their incentive to generate more business.
Q39.
What is medical underwriting in health insurance?

a.

Evaluating financial status of the insured

b.

Assessing the proposer's occupation

c.

Determining the health status of an individual

d.

Verifying the age of the insured

Discuss
Answer: (c).Determining the health status of an individual Explanation:Medical underwriting in health insurance is the process of determining the health status of an individual applying for a health insurance policy.
Q40.
What conditions should be carefully considered in medical underwriting due to their high probability of future hospitalization?

a.

Financial conditions

b.

Occupational conditions

c.

Medical conditions like hypertension and obesity

d.

Environmental conditions

Discuss
Answer: (c).Medical conditions like hypertension and obesity Explanation:Medical conditions like hypertension and obesity should be carefully considered in medical underwriting due to their high probability of future hospitalization.
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