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Life Insurance Corporation of India - Glossary.
1) No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on ...
Definition: Proposal form is the most important and basic document required for life insurance contract between the insured and insurance company. It includes the insured's fundamental information like address, age, name, education, occupation etc.
In your Insurance Proposal Form, make sure all the details like Name, Address, Occupation, Age, Bank Details, Identity and all necessary information are correctly filled. Make sure you fill it with utmost accuracy. You need to attach certain documents along with the claim form, as asked.
1. PROPOSAL FORM-300. Life Assured/Proposer form to be filled for LIC new plan Application. Information you submit are used only for processing your proposal to buy new LIC policy. Information is encrypted and sent to us and is secure.
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