LIFE
• Claim Settlement
  
• Hints on proposal Forms
  
• Nomination
  
• Revival of Policies
  
• Loan on Policies
  
• Lost Policies
  
• Tax Benefits
  
• Surrender Value
  
• Assignment
  
• Delayed Payment of Premiums
  
  
  NON-LIFE
• Claim Settlements
  
• Hints on Proposal Forms
  
• Legal Aspects
  
• Guide
  

Hints to Fill a Proposal Form

A proposal form is the basis of contract between you and the insurer. Utmost care has to be taken while filling this form. All the details should be written legibly and should be accurate.

Listed below are a few tips, which we think will help you fill the form.

Object/Purpose of insurance:

In this column one is required to specify the purpose of taking an insurance policy. You are advised to fill any one of the following:

• Family provision.

• Old age provision.

• Earmarking of policies for marriage.

Nomination:

Nomination is the process of identifying a person to receive the policy money in the event of the death of the Policy holder.

In this column you can fill in the name of the person whom you wish to choose as your nominee. For example, Father, Mother, Wife, Son, etc.

Appointment of Appointee:

In case the nominee happens to be a minor, then the policyholder has to appoint an Appointee. So, please fill the Appointee's full name and his/her relationship to the nominee.

Exact nature of duties:

In this column you are supposed to give a detailed description of your job or the duties you are responsible for.

Source of income:

You are required to give the details of all the sources of your income as specified under the Annual Income column. This refers to the total income from sources other than that you have specified in present occupation column.

Is your life now being proposed for another assurance or an application for revival of the policy on your life under consideration in any office of the insurer.

In this column you are supposed to give complete information of all the policies due for approval by the insurer. Also mention details of those policies, which were lapsed and have been applied for revival. You must bear in mind that withholding this information could lead to complications at a future date.

If the Answer to the above question is "YES", then full details regarding

Name of the branch, Proposal number, Policy number, face amount/sum assured (if it has been declined or accepted with extra premium or accepted on terms other than proposed) must be given.

Family History:

You are required to give complete details of your family members (both living and dead).

Personal History:

Full details of your health history have to be filled.