Under Non-medical underwriting, which is not a condition to be followed?

The correct answer is: A. Female

Non-medical underwriting is a type of insurance underwriting that does not require a medical exam. This type of underwriting is typically used for smaller policies, such as life insurance policies with a death benefit of less than $250,000.

Under non-medical underwriting, the insurer will typically ask the applicant a series of questions about their health and lifestyle. The insurer will also review the applicant’s medical records. Based on this information, the insurer will decide whether to issue the policy and what the premium will be.

There are a few things that can affect the price of a non-medical life insurance policy, including the applicant’s age, health, and lifestyle. However, gender is not one of the factors that is considered under non-medical underwriting.

This is because non-medical underwriting is based on the assumption that all applicants are equally likely to die. This assumption is not always accurate, but it is the basis on which non-medical underwriting is done.

As a result, female applicants are not required to pay a higher premium for non-medical life insurance than male applicants.

Here is a brief explanation of each option:

• Female: Under non-medical underwriting, gender is not a factor that is considered. This means that female applicants are not required to pay a higher premium than male applicants.
• Limit in sum insured: The sum insured is the maximum amount that the insurer will pay out in the event of a claim. Under non-medical underwriting, there is typically a limit on the sum insured. This limit is usually lower than the limit for policies that are issued under medical underwriting.
• Limit in age: There is typically a limit on the age of the applicant under non-medical underwriting. This limit is usually lower than the limit for policies that are issued under medical underwriting.
• Limit in income: There is typically no limit on the income of the applicant under non-medical underwriting. This means that people of all income levels can apply for non-medical life insurance.