Page 59 - M1_Insurance Introduction Notes

 It is better to opt for electronic payment option

for premium (ECS) for ones convenience, safety

and records

 One should ensure to register nomination under

ones policy

 Medicals if required are done for that proposal

 Underwriting process is completed

 Policy is issued i.e. risk commencement begins.

Whom to buy insurance from?

Insurance policies can be bought from the following:

 Registered insurance companies

 Licensed insurance Agents (including corporate

agents and micro-insurance agents) - The primary

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