I recently met up with a friend’s sister.

Due to her blood related condition, a certain insurer loaded her CI plan application with extra premiums of 50%.

I was drawn into the case to find alternatives for her.

At least, we could validate if the 50% loading given was fair.

We did a preliminary underwriting process with other 3 insurers. This post is to shed more light on this seldom used process.

What is preliminary underwriting

Preliminary underwriting is a process to find out tentative terms in view of your pre-existing condition.

Some insurers allow you to be as an anonymous process. No NRIC needed and only the advisor signing off needed.

Of course, the insurer could end up declining an offer to you even on tentative terms. But at least you saved time.

In future, you also do not need to declare this preliminary application outcome to other insurance applications.

There is usually a " Have you have

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