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Very very Important
Form no-360 to be used for Age 0 to 17 Years (For Minor lives) all plans
Form No.300 for age 18 years and above (Major Lives) for All plans except Jeevan Shanti and ULIPS plan
Forms 340 for major Lives above age 18 years for Keyman Insurance, Employer Employee Insurance, Finance By HUF, Husband -wife ..
Major student
Etc…..
●Proposal form 360 with Proposer’s Signature
●Birth Certificate of Child
●Photo of Proposer & Child
●KYC of Proposer and Child (if available)
●PAN Card of the Proposer if Premium is Rs.50,000 and more.
●Income Proof /source of income (AML guidelines) of Proposer if Premium is Rs.1,00,000 and nore
●Latest Corona Questionnaire
●Suitability Form (Except for Pure Term & Health plan)
●Benefit Illustration with Proposer and Agent Signature
●Height & Weight Not Required
●School Proof Not Compulsory
●Proposal form 360
●Age proof of Child
●Latest School / College Going Proof of Child (Compulsory)
●Photo of Proposer & Child
● KYC of Proposer and Child
●PAN Card of Proposer if Premium is Rs.50,000 and more
●Income Proof / Bank statement (AML guidelines) of Proposer if Premium Rs.1,00,000 and more
●Latest Corona Questionnaire
●Suitability Form (Except for Pure Term & Health)
●Benefit Illustration with Proposer and Agent Signature
●Child’s Height, Weight, Identification Marks
●Proposal form 340 with Proposer & Student Signature
●H.S.C Mark Sheet
●Proof of Studying Graduation / P.G Degree / Professional Degree etc
●Declaration from the Proposer & Student Form No. 294
●Photo of Proposer & Student
●KYC of Proposer and Child
●PAN Card of the Proposer if Premium is Rs.50,000 and more
●Income Proof / Bank Statements (AML guidelines) of Proposer if Premium Rs.1,00,000 and more
●Latest Corona Questionnaire
●Suitability Form (Except for Pure Term & Health)
●Benefit Illustration with Proposer and Agent Signature
●Height, Weight, Identification Marks of Life Assured.
●Proposal form 300
●Standard Age Proof
(School Certificate, Passport, PAN, Driving Licence, Aadhar with Full Birth Date)
●10th Pass Certificate for Female Lives
●Employer Identity Card (with Date of Joining)
●Latest Salary Slip (3 months)
Photo of Proposer
●KYC of Proposer
●PAN Card of the Proposer if Premium is Rs.50,000 and more
●Income Proof / Bank statement (AML guidelines) of Proposer if Premium is Rs.1,00,000/- and Above
●Latest Corona Questionnaire
●Suitability Form (Except for Pure Term & Health)
●Benefit Illustration with Proposer and Agent Signature
●Proposal form 300 on individual life.
●Standard Age Proof
(SC, Passport, PAN, D.L, Aadhar with Full Date of Birth etc)
●Professional Qualification Proof
●Employer Identity Card
●Latest Salary Slip (3 months)
●Photo of Proposer
●KYC of Proposer
●Income Proof ITR / Form 16 / Appointment Letter
●Minimum Gross Income Rs.2,50,000 Per annum.
●Latest Corona Questionnaire
●Suitability Form (Except for Pure Term & Health)
●Benefit Illustration with Proposer and Agent Signature.
●Proposal form 300
●Standard Age Proof
(SC, Passport, PAN, D.L, Aadhar with Full Birth Date)
●Photo of Proposer
●KYC of Proposer
●3 years Income Tax Return (Compulsory)
●Latest Income Tax Return with Rs.10,00,000 as Minimum Gross Income
●Latest Corona Questionnaire
●Suitability Form
●Benefit Illustration with Proposer and Agent Signature
●Proposal form 300
Standard Age Proof with Full Birth Date
●Photo of Proposer
●KYC of Proposer
●PAN Card of the Proposer if is Premium Rs.50,000/- & more
●Income Proof / Bank Statement of Proposer if Premium is Rs.1,00,000/- & more
●Latest Corona Questionnaire
●Suitability Form
●Benefit Illustration with Proposer and Agent Signature
In addition to the General Requirement…
●Discharge Summary
●Medical Examination Compulsory
●Specific Questionnaire (If any)
●Latest Lab Test Reports
●Treating Doctor’s Latest Prescription
●Mandatory Requirement as per N.B Manual
●Opinion from the Treating Doctor about Present Condition
●Proposer’s Letter for Clarifications etc
●Consent Letter for Health Extra Premium
●Social Status of the Proposer
●Financial Status of the Proposer
●Physical Status of the Proposer
●Medical Status of the Proposer
●Insurable Interest & Moral Hazard Status
√ Underwriter has Discretionary Power. It’s up to the field force to present the facts, proofs along with the clarifications required to make the job of the underwriter easy in assessing the risk involved.
√ More the Facts & Proofs means Quicker the Underwriting Decision.
●Pls give Accurate & Complete Details of clients for Easy & Quicker Settlement of all types of claims.
●Proposer is Accountable for the facts given in the Proposal form.
●Agent is Accountable for the facts given in the Agent’s Confidential Report. (ACR).
●ANY Overwriting /Correction / Alteration in Proposal Form Must be countersigned (certified) by the Proposer.
●Never Use Dots / Dashes / Strikes or Leaving any column Blank. It makes form incomplete.
●Not to use white ink for corrections.
●Take all signature carefully, as the specimen signature plays important part just like bank.