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Factor in the selection of insurance

Underwriter of group life insurance companies will conduct research in parallel to the factors involved. Research conducted to determine the insurance program and the Insured that a request submitted by the closing of the collection of insurance.

Selection of Eight Risk Factors

In principle, there are eight important factors that will be examined by life insurance companies to evaluate the issue life insurance policies for one group, namely 1) the existence of the background of the group, 2) type and the types of groups, 3) stability, 4) the amount of the number of participants, 5) the type of business, 6) level of participation in the program, 7) age, and 8) gender.

First, the background presence of the group. Generally, life insurance companies under insurance policy was issued for the group if the group is formed solely or established with the aim to cover the needs of life insurance for members in it.

This corresponds to a drift that occurred (based on experience in some countries) t…