Multiple choice

What is the meaning of the term non-medical underwriting?

  1. Taking health insurance

  2. Buying a medical insurance without medical exam

  3. Buying a life insurance without medical exam

  4. None of these

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Insurance companies are coming up with some medical policies where the proposer is not required to undergo any medical examination. In such cases, companies usually create a ‘medical grid’ to indicate at what age and stage should a medical underwriting be done and therefore, these non-medical limits are carefully designed so as to strike a proper balance between business and risk.