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?

Question

Quizplus · Accepted Answer

Given Mr. Vimal's profile as a healthy, non-smoker, and teetotaller individual, he presents a lower risk to the insurance company. Therefore, his risk will likely be accepted at ordinary rates, as there are no apparent factors that would increase his risk profile.

Mr Vimal Is a 32-Years' Old, Healthy, Non-Smoker, Teetotaller Individual;