Things to keep in Mind While filling LIC Proposal Form

In this article of Jeevan Bima Bazaar, we will know what things are important to keep in mind while filling the Proposal Form of Life Insurance Corporation of India (LIC). So if you are thinking of buying LIC policy then this article will prove beneficial for you.

If you are a new agent of LIC then this article will prove beneficial for you also. So let us know what precautions should be taken while filling the LIC proposal form?

Things to keep in mind while Filling the Proposal Form-

LIC Proposal Form is a very important document. Because on the basis of the information given in this Proposal Form, Life Insurance Corporation of India (LIC) decides whether to sell the Life Insurance Policy to the Proposed Person or not. LIC also determines the Premium for the Proposed Life on the basis of the information provided in this Proposal Form.

Therefore, the LIC Proposal Form should be filled very carefully. Because if any information in the form is incorrect, incomplete or hidden. So either the policy is not issued or there is a problem in receiving the Death Claim Payment.

So let us know what are the main things that should be kept in mind while filling the Proposal Form of LIC-

First of all, check the terms and conditions of the Life Insurance Policy you want to buy and find out which is the most suitable proposal form for you?

Before filling the Proposal Form, check all your documents like Income Proof, Residence Certificate, Photo Proof, Bank Passbook and Birth certificate. In which check your own and nominee's Name, Father's Name etc. If there is any error in your original documents, first correct it and then Fill the LIC Proposal Form.
If all the documents are correct then make sure that you will follow your documents while writing the answers to the questions asked in the Proposal Form.

Now read your Proposal Form carefully and understand the questions carefully. If you have confusion, seek assistance from your LIC Agent. Write only correct and clear answers to the questions.

In all the Proposal Forms of LIC, information about old policies is asked, so fill the detailed information of all the Life Insurance Policies running on your life in the Proposal Form.
If you have purchased a policy from any other Life Insurance Company, then definitely include its information in the Proposal Form.

While filling all the Proposal Forms of LIC, information is asked about your nature and habits. Answer these questions carefully as it may result in you either not getting the policy or there may be a problem in the Death Claim.
Therefore, our suggestion would be to take help from a Professional LIC Agent.

Family History of the customer is asked in every Proposal Form of LIC. If you have already purchased any LIC Policy, then fill the Family History of the New Proposal Form on the basis of the Family History given in the form while purchasing that policy.

Fill your Height and Identification Mark correctly in the LIC Proposal Form.

Do not over-write while filling the Proposal Form. Keep in mind clarity while writing answers to all the questions. So that your answers can be easily read and understood.

Sign the Proposal Form carefully. Please read the comments given before signing.

Place only your recent photos at required places.

While filling the form, please consult a professional LIC agent. By doing this there will be no possibility of error in the form.

How to Find Professional LIC Agent:

If you are a customer and you want to buy a LIC policy, then it is very important for you to contact a professional LIC agent in your area. Because a professional LIC agent will be able to recommend a life insurance policy as per your needs and help you in filling the LIC proposal form.

Therefore, a link is being given below for your convenience. By clicking on this link, you can contact the LIC agent of your area and after understanding and checking the policy, you can buy a new life insurance policy.

List of professional LIC Agents

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15 December 2023