Mechanism selection of insurance client

Every insurance company has its own mechanism

Selection become important so because the data accurate which given as client candidate very determining how far our eligibility to be insurance client. Objective information which we submit of course can become the valuable calculation base for company of insurance to calculate the responsibility risk possibilities as we charge upon company of insurance.
Risk factor identifications.

Company of life insurance will do the process select the risk (underwriting) in each client candidate before insurance policy published. This aim to determine the risk level which possible to be experienced of the client candidate and acceptable risk intensity of insurance, besides underwriting done to determine the special rule and premium level to be applied at rose by policy of client candidate. For the agenda of careful of process select done by company of insurance through division of underwriting, we shall have knowledge deeper concerning various exploited by information source of company of insurance in course of the selection

Functionally, functionary of the life insurance process the risk selection referred Underwriter-underwriter. Process underwriting for example did to identify of various the risk factor which can cause the happening of death in client candidate. In general, the factor is grouped in two elementary category namely (1) corresponding risk seen physically; (2) Risk related to intention at the opposite of purchasing of insurance policy by client candidate.

First, risk able to be seen identify by company of life insurance in accurate figure through various accepted report in detail and structure. Identification to risk this type of also able to be got passing with refer to process of investigation and careful by company of insurance. The process of identify will yield the client candidate category pursuant to short or long of a spark of life.

Some the risks can in identifying that is :(1) Age factor- client candidate age excelsior, ever greater of his opportunity to die;(2) Gender; (3) Form Body - high, weigh, and stomach measure; (4) Work- relate to the client candidate hobby or work; (5) Habit of life - smoke, alcohol or drug addiction, habit travel; (6) Disease history;( 7) Condition of health in this time - pulse measure, blood pressure, condition of body organ; (8) Family potency history suffer from descendant and trend age;( 9) Residence. Immeasurable factor the risk generally company compensation can through imposition of higher level premium tariff, or by giving constrain according to selected condition.



Both, Risk related to client candidate purpose to get live insurance policy. Generally identify the risk this type of can be done to know possibility of existence of mainstream under cover client candidate circle by take advantage of the insurance policy benefit illegally. In consequence underwriter has to do the careful investigation and observation process to avoid this practice.

Circumspect underwriter will check proffering of policy by client candidate for others. At proffering of policy this type, possibly is with aim to close over the risk detected by motivating the client candidate to get advantage of policy benefit illegally. To anticipate this possibility, underwriter will act carefully, circumspect and very paying attention the client candidate purpose and also intention in have insurance.

After through both process identify, in the end company of life insurance have to make decision underwriting from every proffering of insurance policy by client candidate. Decision to agree or refuse proffering of policy is one of them based on the obtained information of company through filled by proffering form of client candidate.

As client candidate, we require to share conducive in giving various information required by company of life insurance in course of underwriting. Goodwill, transparency and sincerity is very required by company of insurance and all that deliver the maximal protection benefit for us later. Even we give the information not true, underwriter is not is easy to deceived and finally proffering of our policy can be canceled. Can also happen in moment we raise the claim later. Again honest attitude and transparent of us become very expected by company of life insurance.