Here, the insurance policy is issued based on the information we give in the proposal form or application form. The company don’t go for any cross verification like the finance or banking companies during loan process.
In the application or proposal form, we will be asked about family history, life style and financial questionnaire etc. Based on our answers, upon satisfaction, the policy will be issued.
If false information is given, the company has the right to decline the claim. So before signing the application form, please go through all simple question and give answers to the best of your knowledge and satisfaction.