Question

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

a.

They determine the customer's income status

b.

They provide financial status for high-value transactions

c.

They help insurers assess the risk profile based on age

d.

They establish the purpose of the insurance contract

Posted under IC38 Life Insurance Agent Exam

Answer: (c).They help insurers assess the risk profile based on age Explanation:Age proof documents are essential for insurers, especially in personal lines of insurance like Life and Health, as they help assess the risk profile of the insured based on their age.

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