Q577
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
AnswerD.
IRDA has The proposal proposal form since 2013
Answer: Option C
Solution
Answer: Option C
Solution:
Proposal is not always necessary from proposer’s point of view. It can also be from buyer point of view.