Question

What is a 'proposal form' in the context of life insurance?

a.

A document that needs to be signed by the customer before submitting the KYC documents

b.

A document that contains detailed information about the customer, including the amount of insurance cover applied for

c.

A document that insurance agents use to sell insurance policies

d.

A document that insurance companies use to carry out KYC norms

Posted under IC22 Life Insurance Underwriting

Answer: (b).A document that contains detailed information about the customer, including the amount of insurance cover applied for Explanation:A 'proposal form' is a detailed document that needs to be filled and signed by the proposer (customer) and contains information about the customer, including the amount of insurance cover applied for.

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Q. What is a 'proposal form' in the context of life insurance?
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