Question

What financial documents are required for self-employed applicants/professionals?

a.

Salary certificates/salary slips for the last 3 to 6 months

b.

Last 6 months' bank statements of the salary account

c.

Audited profit and loss account and balance sheet of the company/firm

d.

Individual income tax returns in the name of the life assured along with computation of income

Posted under IC22 Life Insurance Underwriting

Answer: (d).Individual income tax returns in the name of the life assured along with computation of income Explanation:For self-employed applicants/professionals, the required financial documents are individual income tax returns (ITR) in the name of the life assured along with computation of income.

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Q. What financial documents are required for self-employed applicants/professionals?
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