The proposal form is the basis of your insurance contract. An important function of the form is to extract all material facts from the potential insured — that is you — that are pertinent to the ...

Buying insurance requires considerable paperwork. Brochures and key-feature documents need to be read, illustrations and declarations signed, and financial and Know Your Customer information submitted ...

Once you decide to buy an insurance plan, the first step is to fill out the proposal form. A proposal form is a legal document that seeks relevant information from you so that the insurance company ...

Earlier such mandate was provided to the insurers till March 31, 2021. The Insurance Regulatory and Development Authority of India (IRDAI) has allowed life insurance and health insurance companies to ...