Insurance

Inside the Black Box: Paano Ka Ina-underwrite

9 December 2025-7 min read-By Jarrod Kirkland

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Inside the Black Box: Paano Ka Ina-underwrite

Key Takeaways

1Underwriting ay data-driven risk pricing.
2Possible outcomes: standard, loading, exclusion, deferral/decline.
3Honest disclosure protects claims.
4Vaping usually counts as smoking.
5Pre-assessment avoids decline record.
6Terms can improve over time.

Underwriting ay data-driven na proseso na nagtatakda ng presyo at terms.

Parang exam ang insurance application, mahaba, personal, at may verdict sa dulo.

Ang prosesong ito ay underwriting. Bakit may loading ang healthy na kaibigan? Bakit smoker ang vaping? Ito ang sagot.

Ano ang Underwriting?

Insurance ay parang bet. Ikaw, posibleng magkasakit; sila, umaasang hindi. Underwriting ang kalkulasyon ng odds.

Hindi ito moral judgement; actuarial data ito.

Duty of Disclosure

Sa NZ, obligasyon mong "mag-ingat upang hindi mag-misrepresent." Dapat honest at complete ang sagot.

Non-disclosure ang #1 dahilan ng declined claims.

3 Pillars of Assessment

1. Medical History

BMI, BP, cholesterol, mental health, at family history.

2. Occupation

Mas risky ang physical jobs, mas mahal ang income protection.

3. Hobbies

High-risk pursuits (racing, scuba, aviation) = extra questions.

4 Outcomes

1Standard terms

2Loading

3Exclusion

4Deferral or Decline

Smoker Definition

Either smoker o non-smoker. Usually 12 months smoke-free para sa non-smoker rates. Vaping kadalasang smoker.

Power of Pre-Assessment

Kapag na-decline ka, kailangan mo itong i-declare sa future apps. Kaya mahalaga ang adviser at pre-assessment.

Terms Can Change

Kapag gumanda ang health, puwedeng i-review ang loading/exclusions.

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Frequently Asked Questions

Ano ang tinitingnan ng insurers?

Medical history, family history, trabaho, lifestyle, at hobbies.

Ano ang loading?

Mas mataas na premium dahil mas mataas ang risk.

Smoker ba ang vaping?

Kadalasan yes.

Ano ang pre-assessment?

Informal check para makita ang likely outcome bago mag-submit.

Pwede bang ma-approve sa ibang insurer?

Oo, iba-iba ang guidelines.

Pwede bang magbago ang terms?

Oo kung gumanda ang health.

Disclaimer

The information on this website is for general guidance only and does not constitute financial or investment advice. Always do your own research and seek personalised advice from a qualified financial adviser or mortgage adviser before making financial decisions. All investments carry risk and past performance is not indicative of future results.