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IGI - International General Insurance Co. Ltd. - IGI.
Write your policy proposal to include the following sections: statement of proposed policy, description of problem the policy affects, objectives of the policy, implementation plan, benchmarks and methods of evaluation, projection of results, and projection of costs.
Policy proposals provide historical documentation of the need for a policy as well as the process used to create it. Policy proposals are permanent records that are filed with the original copy of the approved policy.
A research proposal is written to persuade the grant committee, university department, instructors, etc. A research protocol is written to detail a clinical studys plan to meet specified ethical norms for participating subjects.
Definition: Proposal form is the most important and basic document required for life insurance contract between the insured and insurance company. It includes the insureds fundamental information like address, age, name, education, occupation etc.
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[Explain any relevant background to and reasons for the proposed policy. Indicate whether the policy is a new policy or a revision to an existing policy. If relevant, discuss how the proposed policy relates to existing policies. Identify any legal or regulatory requirements that the proposed policy aims to address.]
The Insurance Proposal is an important document which provides the details of the proposer and the life assured and which is used as a basis to ascertain the insurability of an individual.
While proposal and policy are often used interchangeably, there is an important distinction between the two. A proposal is just that a written offer to provide insurance coverage. It does not become an official policy until the customer accepts it and pays the premium.

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