The purpose of proposal form is to get information from the insured to issue an insurance policy. The information is as followed:
- Name & Address of proposer
- Details about the proposed properties, persons, liabilities etc.
- Location, Transit route etc. of proposed
- Property, profession age etc. of proposed persons, nature of business for liabilities etc.
- Proposed Value, Limit of liabilities, Sum Insured etc. for the insurance
- Risks required
- Period of insurance
- Past insurance and claim record…..etc.