n NISM Certifications
NSM General NISM
Medium

What is the purpose of the Proposal Form in life insurance?

Practice question from IC 38 Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    To collect premium payments from the proposer

  2. B

    To verify the proposer’s identity and address

  3. To gather all necessary information from the prospect

    Correct answer

  4. D

    To assess the proposer’s creditworthiness and financial stability

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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