IC-22 Life Insurance Underwriting – Exam Study Notes

Medical underwriting refers to the underwriting process whereby underwriters use health related information through a pre-insurance medical screening of a prospect to take a decision regarding acceptance or rejection of the application, or the amount of insurance cover to be provided to the insured.
Non-medical underwriting refers to the underwriting process where the insurance companies provide insurance cover to the prospects on a non-medical basis.
Non-medical / medical grids are generally a function of the age, the sum assured and the product.
CXR to be done for cases over Rs.50 lakhs only, X = CBC + ESR + HbAIC + Lipid profile, Y = RFT (S. creatinine, BUN, Serum uric -acid) + LFT (GGTP + SGOT + SGPT. Alkaline phosphates) + BILIRUBIN (Direct + Indirect + Total Bilirubin) + Serum protein + S. albumin, HbsAg, Z = FBS + RUA
Body mass index (BMI) - BMI provides a simple numeric measure of a person's "fatness" or "thinness", allowing health or insurance professionals to evaluate whether a person is overweight or underweight. Overweight persons have a higher BMI as compared to the standard values, and conversely, thin persons have a BMI which is on the lower side as compared to the standard values. BMI provides a reliable indicator of body fat for most people and is used to screen for weight categories that may lead to health problems.

Important Points for IC 22 - Life Insurance Underwriting Exam