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What are underwriters in a life insurance policy?

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Shailesh Kumar, Co-founder, Insurance Samadhan verified
Answered on December 23,2021

Dear 

Underwriters assesses the risk on the basis of Proposal . Each Proposal form has material facts and underwriters can take decisions as below :

  1. Accept the Proposal and thus agree to accept the risk
  2. Reject the Proposal 
  3. Ask for additional information 
  4. Postpone the case 
  5. Rate up the premium by offering a counter offer 

Underwriters work as per the guidelines of actuaries , who design and build up the portfolio of risks .

Shailesh 

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