How to fill Suitability Analysis Form - How to fill LIC's new proposal form 300 | LIC Insure

Описание: On February 1, 2020, LIC returned to the market with some changes in all plans. Similarly, LIC has also changed the proposal form.

The proposal form 300 brought by LIC has been divided into 4 parts.
Section 1: Information about Proposer/Policyholder/ Life Assured Person
Section 2: Which plan has choose by Proposer that detail.
Section 3: Information of Disease and Habits of self and Family member.
Section 4: Declaration is given by policy holder against Policy.

Regarding the suitability analysis form, IRDA has come up with a means to make the scheme information accessible to the public.
Through this form, people will be able to know which plan is right for that, because in this form the plan is divided into different categorizations.
Along with this, IRDA has also asked and told some other questions in this, such as source of income, at what age, how many times plan can be found, family information, details of previous policy and etc.


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