Vidyalelo
Commerce · Q257

Insurance

Graduate and Post Graduate · Commerce · question 257

Q257

Which of the following statements is incorrect in case of a non-medical case?

A.
In a non-medical case, risk cannot be assessed in the absence of medical report
Answer
B.
Risk assessment is possible in a non-medical proposal
C.
More than 90% of people who submit proposals on their lives are accepted at ordinary rates
D.
In preferred lives, the level of anticipated mortality is likely to be lower than even standard lives
E.
In preferred lives, the level of anticipated mortality is likely to be lower than even standard lives

Answer: Option A

Solution

Answer: Option A
Solution:
In a non-medical case, risk can be assessed in the absence of a medical report. No medical report is required in a non-medical case.