Summary |
Each life to be assessed of its risk needs to be examined very carefully on the basis of the person’s personal history, family history, life style, the habits, and the ailments suffered. Depending up on the various factors such as the physical measurements, heredity data, and the related factors, each risk is assessed individually or group-wise and then that particular risk is added in a particular group of similar risks. Otherwise the risk may be added to a different basket-either a higher risk group or a lower risk group-both are bad. This may lead a person to pay a higher premium than actually needed or a lower premium. Therefore, the full details of this life insurance underwriting are covered in this book even to make a beginner comfortable to understand the basic concept of life insurance.
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