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Standard Proposal Form for Life Insurance

IRDA - Standard_Proposal_Form_for_Life_Insurance
When an industry grows fast in a short period of time, it is easy for unfair practices to creep in unnoticed in the heat of the competition.

In an attempt to curb wrong advice and mis-selling, IRDA has identified requirement to have 'Suitability Analysis' on the prospect by the intermediary. After wide deliberations on the issue IRDA has now brought out Regulations on Standard Proposal Form for Life Insurance for individual policies.

You may refer to the link below for the regulations

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