If, Mr. Brijesh, a 40-Years' Old Individual, is perceived as a 'Sub-Standard Risk', by the Insurance Company, then, Which One of the Following Statements, will Hold True, with Regard to Risk-Acceptance by the Insurance Company?

Related MCQs

• Mr. Brijesh purchased a 20-Years' Unit-Linked Insurance-Plan (U.L.I.P.), from ABC Insurance Company. If Mr. Brijesh Dies, Before the Maturity of the Policy, then Insurance Company will have to pay --.
• Mr. Vimal is a 32-Years' Old, Healthy, Non-Smoker, Teetotaller Individual; Who applies for Life Assurance from ABC Limited Insurance Company. Which One of the Following Statements, will Hold True, with Regard to Risk-Acceptance by the Insurance Company?
• Which One of the Following Statements, is Correct, with Regard to 'Sub-Standard Lives', under Risk- Classification? Choose the Most Appropriate Option.
• Which One of the Following Statements, is Correct, with Regard to 'Declined Lives', under Risk- Classification?
• If Insurance Firm accepts such Applicants, Who are at a Greater Than Normal Risk or are Not Insurable, but conceal or falsify the Information about their Actual Condition or Situation, so that, they get Insurance, then this will be known as --. Choose the Most Appropriate Option.
• All of the Following Statements, are True, with Regard to Nomination, Except --.
• If an Insurance Company accepts a Risk, with a Lien on Sum-Assured, then What Does this imply?
• Discuss the Risk-Management Technique, employed by an Individual, when He or She purchases the Insurance.
• Which One of the Following Statements, is Correct, with Regard to 'Anti-Selection'?
• Which One of the Following Statements, is In-Correct, with Regard to Numerical Rating Method of Underwriting?