What Insurance Look for before Accepting Group Insurance

  • The nature of the business or occupation of the employer.
  • Past or previous death claims experience (if any).
  • The age distribution of the scheme members.
  • Medical underwriting based on the applicable FCL.
  • Other benefits or riders to be covered.
  • Members whose sums assured fall within the free cover limit are covered without any medical examination.
  • Members whose sums assured exceed the free cover limit are required to do the applicable medical examination(s) to his level of sum assured.
  • Forward Underwriting – say every 2 or 3 years

There may a need for financial underwriting for few members whose sums assured are highly disproportionate (very huge sums assured) when compared to the other members of the scheme.


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