Why non-medical underwriting is resorted to ?

A To verify the income of the proposer
B To save on cost of conducting medical exam
C To check the antecedents of a person
D To satisfy about the health of the proposer

Correct Answer: To save on cost of conducting medical exam

Non-medical underwriting is resorted to save on cost of conducting medical exam. Non Medical Life Insurance is for those who want the quickest possible coverage without going through a longer underwriting process.
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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
Pump priming should be resorted to at a time of?
A Inflation
B Deflation
C Stagflation
D Reflation
Only when . . . . . . failed, the police resorted to . . . . . .
A efforts , power
B arrests , imprisonment
C persuasions , force
D power , punishment
E manipulations , arrests
Even minute presence of impurities in copper impairs its electrical conductivity seriously. Electrolytic refinning of blister copper is resorted to, when
A Cheap electricity is available
B The precious metal content of copper is high
C There is a demand for ultrapure (99.99%) electrolytic copper
D All of the above
What is the meaning of the term non-medical underwriting?
A Taking health insurance
B Buying a medical insurance without medical exam
C Buying a life insurance without medical exam
D None of the three
Number of cases which gets accepted by the underwriting under Non-medical are –
A Very small
B Small
C Large
D Not significant
Which of the following factors are taken into account for financial underwriting?
A Income
B Occupation
C Lifestyle/habits
D All of the above
What are the two methods of underwriting?
A Direct and indirect
B Accept and decline
C Judgement and numerical
D Open-ended and close-ended
_________ 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
In this method of underwriting, the underwriter gives rating points for all the negative or adverse factors, totals them and decides extra mortality rating. Which method are we talking about?
A Biometric rating
B Judgmental rating
C Clinical rating
D Numerical rating

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