Why fill out an insured health questionnaire?

Completion of the questionnaire on the state of health is necessary for the insurance company to make a decision on the possibility of concluding an Insurance Contract and correctly determine the insurance rate.

Since, by accepting the Insured Person for insurance, the company assumes insurance liability in amounts that are several dozen times higher than the amount of the insurance premium, risk assessment related to the health and lifestyle of the Insured Person is possible only by analyzing the information contained in the insurance application, according to Global Professional Liability Insurance Review.

In the absence of such information, the company would be forced to conduct a medical examination of each Insured Person. At the same time, the provision of false information regarding the Insured Person may cause the insurance company to refuse to make an insurance payment.