Criteria insurance companies use to issue a policy

Depending on the type of insurance you're getting, insurance companies need information such as:

• your age

• your gender

• your medical history in the case of life insurance or disability insurance

• any previous claims you've made

• the amount of coverage you're asking for

Insurance companies will consider the risk of insuring you and will assess your eligibility to get coverage . This is a called an underwriting process.

The underwriting process will determine:

• how much coverage the insurance company will provide

• which conditions, if any, are excluded

• the premium you'll need to pay