Question

How long does the insurer have to provide a copy of the proposal to the insured, as per IRDAI guidelines?

a.

7 days

b.

15 days

c.

30 days

d.

45 days

Answer: (c).30 days Explanation:As per IRDAI guidelines, the insurer has 30 days to provide a copy of the proposal to the insured after its acceptance.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. How long does the insurer have to provide a copy of the proposal to the insured, as per IRDAI guidelines?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. In which stage of the insurance process does the duty of disclosure begin?

Q. What is the main consequence of providing incorrect or concealed information on the Proposal Form?

Q. What is the primary purpose of the Proposal Form in the insurance documentation process?

Q. What kind of information is collected in the Proposal Form for life and health insurances?

Q. In addition to personal details, what other information may be asked for in the Proposal Form depending on the insurance product?

Q. What is the role of insurance advisors in the Proposal Form process?

Q. Which document(s) may be collected to determine the true identity of the proposer?

Q. What is the primary purpose of the declaration at the end of the Proposal Form?

Q. What is the role of the declaration in the Proposal Form regarding the principle of utmost good faith?

Q. What information does the Proposal Form typically collect from the proposer?

Q. What is the purpose of the agent's recommendations in the Proposal Form?

Q. What is the significance of the declaration in the Proposal Form for the insured and the insurer?

Q. Which of the following is not relevant in respect of a Proposal form?

Q. What is Money Laundering?

Q. The Prevention of Money Laundering Act (PMLA), 2002:

Q. Purpose of PMLA (Prevention of Money Laundering Act):

Q. What are Anti-Money Laundering (AML) guidelines?:

Q. Importance of Anti-Money Laundering (AML) guidelines:

Q. KYC (Know Your Customer) norms:

Q. What is the primary objective of KYC (Know Your Customer) guidelines for businesses, including insurers?

Recommended Subjects

Are you eager to expand your knowledge beyond IC38 Life Insurance Agent Exam? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!