Important Information About LIC Proposal Form
In this article of Jeevan Bima Bazaar, some important information is being given regarding the Proposal Form of Life Insurance Corporation of India (LIC). This information is important for LIC Agents and customers.
In this article, we will know What is the Proposal Form in LIC, What is the other names of Proposal Form of LIC, How to Fill the Proposal Form of LIC and What are the Documents to be Attached in the LIC Proposal Form? So if you want to get this information then read this article carefully.
What is the Proposal Form of LIC
The form that a customer fills to buy various types of Life Insurance Products of LIC is called Proposal Form. Various types of questions are given in the Proposal Form of LIC. Answering which is mandatory for the customer. Because only on the basis of answers given by the customer, the corporation decides whether to sell Life Insurance Policy to the customer or not.
Other Names of LIC Proposal Form-
LIC Proposal Form is also known by many other aliases. Like- LIC Prstav Patra, LIC's Policy Application Form, LIC Policy Registration Form, etc.
Similarly, different forms of LIC are also called by different names. Like LIC's Form Number 300 is most used in LIC. So it is also known by aliases like LIC Form Number 300, LIC Proposal Form 300, LIC Prstav Patra 300, etc.
How to fill LIC Proposal Form-
LIC has many types of Proposal Forms, which are selected according to the terms and conditions of the Proposed Policy. Each Proposal Form of LIC is different from each other. This is why we have included information about filling different Proposal Forms of LIC in our different articles.
So if you want to know How to fill the LIC Proposal Form, then click on the link given below and then read the article in detail about the form for which you want to fill.
Documents Required for LIC Proposal Form:
Any Proposal Form of LIC has to be filled when you buy a New Life Insurance Policy from Life Insurance Corporation of India (LIC). Therefore, LIC's Proposal Form is a very important document for LIC and for the customer.
From the issue of the Proposed Policy till the Final Payment, LIC takes any decision on the basis of the information given in the Proposal Form. Therefore, while purchasing any New Policy from LIC, the customer should fill the Proposal Form carefully.
After filling any Proposal Form, the customer has to attach some important Documents with it. So the customer should read the terms and conditions of the Proposed Policy carefully and check that which documents are mandatory for him to submit under the terms and conditions of the Proposed Policy?
There are two main players while purchasing a LIC Policy, the first person is called the proposer and the second person is called the insured person. Information about what documents are required to be submitted by the proposer and the insured person while filling the Proposal Form for maximum LIC Policies is being given here.
Income Proof: If you want to buy a Large Sum Assured Life Insurance Policy, it is mandatory for you to verify your income. You can give a copy of Salary Slip, Bank Statement, ITR Certificate.
Age Proof: Age plays an important role in Life Insurance Policies. Because the Premium of the Policy depends on the Age of the customer. Therefore, along with the LIC Proposal Form, School Certificate, PAN Card, Aadhar Card, Driving License, etc. can be given for Age Proof.
Photo Identity Proof: In Life Insurance Policies, it is mandatory to provide Photo Identity Proof for customer identification. For Photo Identity Proof, the customer can submit PAN Card, Aadhar Card, Driving License, etc.
Residence Proof: While purchasing LIC Policy, the customer has to prove his permanent and temporary residence. However, if the customer does not have both the certificates of his permanent and temporary residence, then it is mandatory to submit the certificate of any one residence. The customer can submit his Aadhar Card, Driving License, Passport, Voter ID Card, etc. as proof of residence.
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