Important Points for IC 22 - Life Insurance Underwriting Exam
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A policy can be backdated only up to one year.
An individual with a minimum EMR will be considered to be standard life by underwriters.
No benefit will be paid by the insurance company as Kamal Kishore has survived the accident.
Lien is imposed for a limited period, and is applicable in cases where the extra mortality risk is expected to decrease in future.
In numerical rating systems, unfavourable aspects get addition to mortality ratings while favourable aspects get deduction in the base mortality ratings.
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