Request that the insurer should make good the promise specified in the contract

Demand that the insurer should make good the promise specified in the contract

Demand that the insured should make good the commitment specified in the agreement

Request that the insured person should make good the promise specified in the agreement

Claim rejection

Declinature of risk

Risk acceptance at standard rates

Postponement of risk

Insurer

Insured

IRDA

State

Unit linked insurance policy

Term insurance policy

Return of premium policy

Money-back policy

Risk retention

Risk avoidance

Risk transfer

Loss prevention

Rider.

Renewability option.

Built-in Disability Rider.

None

Visible and clear method of arriving at surrender value

Well defined cash and savings value component

Rate of return is not easy to ascertain

Yields on these policies is high

Process claims

Customer relations manager

Decide acceptability of risks

Product design architect

Certain diseases can be passed on from parents to children

Family environment is a critical factor

Rich parents have healthy kids

Poor parents have malnourished kids