Insurance · Life Underwriting & Policy Servicing FinanceIntermediate
Life Underwriting and Policy Servicing
Assess lives fairly and keep policies in good order for decades.
Taught by My Skill Lab Insurance Faculty · Insurance Practitioners
What you'll learn
- Distinguish term, endowment, whole life, money-back and child plans and match them to customer needs.
- Apply medical, financial and lifestyle underwriting and decide standard, rated, postponed or declined.
- Process policy issuance, free-look cancellations and nominee records accurately.
- Handle servicing requests: loans, revival of lapsed policies, surrenders and alterations.
- Identify red flags for fraud and money laundering during issuance and servicing.
About this course
For underwriting and policy-servicing staff at Nepali life and micro life insurers. Learn how life products work, how to assess medical, financial and lifestyle risk, how to issue and service a policy through loans, revivals, surrenders and nominee changes, and how to keep the records that make maturity and death claims smooth.
Course content
5 lessons- 1Life Products in the Nepali MarketTerm, endowment, whole life, money-back, child and group plans explained.Preview
- 2Assessing the Life: Medical, Financial and Lifestyle UnderwritingUnderwriting requirements, risk classes and decisions.
- 3Issuing the Policy: Documents, Nominees and the Free-Look PeriodAccurate issuance prevents decades of servicing and claim problems.
- 4Servicing Requests: Loans, Revivals, Surrenders and AlterationsHandle the everyday requests that keep a policy alive.
- 5Maturity, Survival Benefits and Preparing for Death ClaimsPay maturities on time and keep records ready for death claims.