- Adequate and Commensurate Premium
- Little or no deviation from underlying mortality assumptions
- Confidentiality of medical reports
- Utmost Good faith
- Underwriting is not usually reviewable. Except for group life schemes, assessment is done once during the life of the policy
- Long term nature of Life Assurance: Underwriters must look ahead and take into consideration any possible future deterioration of the Proposer’s medical condition likely to arise from the medical history or present state of health.
- Interrelated medical conditions should be viewed together. E.g. a person with history of chest disorder working in a dusty environment.
