Edit, Download, and Sign the Proposal Form for Life Insurance on Minor Lives
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To fill out this form, begin by reading all questions carefully and providing truthful details. Make sure to sign in all required places to validate your application. If necessary, complete the vernacular declaration for thumb impressions.

How to fill out the Proposal Form for Life Insurance on Minor Lives?
1
Read all questions carefully.
2
Fill in details in BLOCK LETTERS.
3
Affix signatures as required.
4
Submit necessary proofs of identity.
5
Double-check for legibility before submission.
Who needs the Proposal Form for Life Insurance on Minor Lives?
1
Parents seeking life insurance for their minor children.
2
Guardians wishing to secure the future of a minor under their care.
3
Financial advisors helping clients with child insurance plans.
4
Insurance agents facilitating minor life coverage proposals.
5
Education planners who want to include child insurance in financial planning.
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What are the instructions for submitting this form?
To submit this form, please email it to info@licindia.com or send a fax to +91-11-23355351. You can also submit in person at your nearest LIC branch. Ensure you attach all relevant documents with your application for a smooth processing experience.
What are the important dates for this form in 2024 and 2025?
Important dates for submitting the proposal may vary. It is advisable to check the latest guidelines from LIC for any deadlines in 2024 and 2025.

What is the purpose of this form?
The purpose of this form is to facilitate the application for life insurance on behalf of minor lives. It requires detailed personal, health, and financial information to ensure comprehensive coverage. The collected information aids in assessing the proposal for appropriate policy issuance.

Tell me about this form and its components and fields line-by-line.

- 1. Personal Details: Includes the name, gender, marital status, and birth details of the proposer and insured.
- 2. KYC & PMLA: Captures tax and identity verification information relevant for compliance.
- 3. Educational Details: Details on the educational standing of the minor applying for insurance.
- 4. Occupation of the Proposer: Information regarding the job and income specifics of the proposer.
- 5. Existing Insurance: Records all current insurance held by the minor or proposer.
What happens if I fail to submit this form?
Failure to submit this form could delay the insurance process for the minor. It is crucial to complete all details accurately to avoid any complications. Without proper submission, coverage cannot be activated.
- Delayed Coverage: Insurance may not be activated if submission is incomplete.
- Incorrect Details: Inaccurate information can lead to denial of the application.
- Loss of Proposal Opportunity: Failure to submit on time may result in losing the chance to obtain insurance.
How do I know when to use this form?

- 1. New Insurance Application: To apply for first-time life insurance for a minor.
- 2. Policy Updates: To amend or update existing proposals.
- 3. Educational Fund Planning: For integrating insurance in financial education plans.
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