Which of the below insurance proposal is not likely to qualify under non-medical underwriting?

A Savita, aged 26 years, working in an IT company as a software engineer
B Mahesh, aged 50 years, working in a coal mine
C Satish, aged 28 years, working in a bank and has applied for an insurance cover of Rs. 1 crore
D Pravin, aged 30 years, working in a departmental store and has applied for an endowment insurance plan for a tenure of 10 years

Correct Answer: Mahesh, aged 50 years, working in a coal mine

Mahesh, aged 50 years, working in a coal mine is not likely to qualify under non-medical underwriting.
Bissoy MCQ
#Commerce #Insurance

Related Questions

Who of the following may not qualify for a nonmedical underwriting?
A An IT manager in TCS
B A bank officer for a large sum proposed
C A worker aged 50 in an underground coal mine
D A manager in a shopping mall
According to a survey of business firms in a certain city, 750 firms offer their employees health insurance , 640 offer dental insurance and 280 offer health insurance and dental insurance. How many firms offer their employees health insurance or dental
A 920
B 1,100
C 1,110
D 1,030
_________ method of underwriting is suitable while deciding a complex case, e.g. whether to give insurance to someone who has acute diabetes.
A Instrumental
B Panelling
C Non-medical
D Judgmental
Amrita is pregnant. She has applied for a term insurance cover. WHICH of the below option will be the best option to choose for an underwriter to offer insurance to Amrita? Choose the most likely option.
A Acceptance at ordinary
B Acceptance with extra premium
C Decline the proposal
D Acceptance with a restrictive clause
Under Non-medical underwriting, which is not a condition to be followed?
A Female
B Limit in sum insured
C Limit in age
D Limit in income
Number of cases which gets accepted by the underwriting under Non-medical are –
A Very small
B Small
C Large
D Not significant
Under which type of underwriting several conditions are to be followed?
A Non-medical underwriting
B Medical underwriting
C Field underwriting
D Financial underwriting
Under what method of underwriting does an underwriter assign positive rating points for all negative or adverse factors (negative points for any positive or favourable factors)?
A Judgment
B Arbitrary
C Numerical rating
D Single step
Apart from the salary level, what another key feature of Alok’s job is likely to have a major impact on the level of his pension, life insurance, and health insurance needs?
A Whether the job is office or field-based
B The normal retirement age in relation to the job
C Whether the job is in the public or private sector
D Whether the job is manual or non-manual
The proposal was tentative means, the proposal was ----.
A conclusive
B indefinite
C definite
D timely

Next steps