Question

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

a.

Their favorite movie

b.

Their favorite food

c.

Details of family members, educational qualifications, habits, and ID Proof

d.

Details of their social media profiles

Answer: (c).Details of family members, educational qualifications, habits, and ID Proof Explanation:The Proposal Form typically collects information such as details of family members, educational qualifications, habits, and ID Proof from the proposer.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

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

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

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?

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

Q. What is the significance of Age Proof documents in the insurance industry, especially for personal lines of insurance like Life and Health?

Q. Which of the following is NOT considered a standard age proof document in insurance?

Q. What is a non-standard age proof document in insurance when standard documents are not available?

Q. What is the primary purpose of the Declaration included in a Proposal Form?

Q. Why is maintaining records of transactions prescribed under the Prevention of Money Laundering Act important for financial institutions and intermediaries, including insurance companies?

Q. What is the objective of the Prevention of Money Laundering Act (PMLA), 2002 in India?

Q. What are the Anti-Money Laundering (AML) guidelines issued by IRDAI primarily concerned with?

Q. Which of the following is not acceptable as valid Age Proof?

Q. What is the primary purpose of a prospectus in the insurance industry?

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!