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This question belongs to Commerce Insurance

Insurance

?

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 & Solution

Correct Answer: Option C

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

Question posted by Examveda

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