MANAGEMENT

Detailed explanation-1: -The proposal form is for use by both the proposer (insurance seeker) and the insurance company. First, the proposer fills in the proposal and then the insurer checks for the details. You will have to fill in details like name, age, address, income, occupation, medical history, claim history, substance abuse, etc.

Detailed explanation-2: -When applying for insurance, a proposer has to fill out the proposal form of the life insurance company. The Insurance Proposal is an important document which provides the details of the proposer and the life assured and which is used as a basis to ascertain the insurability of an individual.

Detailed explanation-3: -A proposal form is a standard printed document that is completed by a person who is requesting insurance coverage. The main source of information in an application for risk coverage is the proposal form that the applicant or the intermediary submits to the insurer.

Detailed explanation-4: -The first step in the making of a contract of insurance is the proposal or application by means of which the insured gives to the insurers particulars of the risk which he wishes them to undertake.

Detailed explanation-5: -The proposal form is the most important document required for life or health insurance contract between the two parties. An insurance company offers a policy on the basis of a proposal form. It seeks all the relevant information from you as that helps it in underwriting the risk.