Page 3 - Life Insurance underwriting Ebook IC 22

 Mental status of the applicant.

 Family history -presence of hereditary diseases present in the
family members such as diabetes, blood-pressure etc. and the
longevity of the family members.

b) Lifestyle and habits
 Personal habits and avocations (whether they are hazardous in

nature)

 Drinking habits
 Smoking habits

 Tobacco consumption habits( guthka, snuff, pan-masala etc)
 High risk hobbies (e.g. scuba-drying, bungee jumping etc.)

c) Occupation: in this case, the factors evaluated for underwriting are:

 Nature of occupation

d) Financial condition: the factors evaluated for underwriting are:

 Income and expenses

 Assets and liabilities
 Existing insurance cover

 Number of dependents

e) Place of residence and foreign travel: the factors evaluated for

underwriting are:
 Risk levels relating to the location where the individual resides.

 Risk levels relating to the location to where the individual is
travelling

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