Question

What is the role of insurance agents in the life insurance proposal process?

a.

To determine and document the true identity of all its customers.

b.

To collect a recent color photograph and mandatory documents such as proof of identity and financial documents.

c.

To ensure that the proposal form is correctly and completely filled and signed by the customer, and collect KYC documents.

d.

To use health related information through a pre-insurance medical screening to take a decision regarding acceptance or rejection of the application.

Posted under IC22 Life Insurance Underwriting

Answer: (c).To ensure that the proposal form is correctly and completely filled and signed by the customer, and collect KYC documents. Explanation:The insurance agents ensure that the proposal form is correctly and completely filled and signed by the customer, and collect KYC documents from the customer along with the proposal form.

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Q. What is the role of insurance agents in the life insurance proposal process?
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