Based on the third case (c) discuss the factors that has to be considered while underwriting lives and the difference between medical and non-medical underwriting.

Factors considered while underwriting lives: Personal health history Family health history Occupation history Personal habits and style Financial status and capacity to pay Country or place risk Difference between medical and non-medical underwriting: Each insurance company for each of its products lays down the non-medical criteria based on the age and sum assured. However, in medical underwriting the risk on proposal is measured by sum assured which is beyond the limits of non-medical cases and the life assured has to undergo medical examination. The extent of medical examination depends on the sum assured- higher the sum assured, higher the level of medical check-ups. These medical check-ups are conducted through medical practitioners empanelled with the insurance companies. Even in non medical underwriting grid, if there is an adverse medical history for a client, as per the underwriting guidelines of the company, the insurer/underwriter may treat these cases under medical underwriting.