Important Points for IC 22 - Life Insurance Underwriting Exam
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TPAs are external service providers and assist an insurance company in medical examination.
In the jet unit underwriting method, a group of employees are assigned the task of screening the applications and approving them for issuance of policy documents for proposals with a limited amount of sum assured.
Non-medical grids are generally a function of the age and the sum assured.
Financial underwriting is the process of determining the amount of insurance cover that is justified for a person with regards to his / her income and his needs.
Insurable value is the measure of financial loss and obligations created by the insured's death. It determines the maximum amount of the death benefit which can be acceptable.
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