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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

Q. What is Money Laundering?

View solution

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

View solution

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

View solution

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

View solution

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

View solution

Q. KYC (Know Your Customer) norms:

View solution

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

View solution

Q. Which of the following is NOT a common document used for Proof of Identity in KYC procedures?

View solution