Pick out the incorrect statement.

A. Material information is required by the insurer about a proposer for correctly estimating risk in his life for life cover purposes

B. All information as contained in the proposal is equally binding on the parties to a life insurance contract

C. Proposal is not always necessary from proposer’s point of view

D. IRDA has The proposal proposal form since 2013

Answer: Option C

Solution(By Examveda Team)

Proposal is not always necessary from proposer’s point of view. It can also be from buyer point of view.