REQUIREMENT
Types Of Requirements:
Sr No
Requirement Types
Sr No
Requirement Types
1
22
PAN CARD FOR OWNER/PAYER
Joint Declaration Form
ECS Mandate form
Confirmation of Owner
Credit Card Authorization Form
Credit Card Copy
NEFT client consent and proof
Employee ID Card
Employers Undertaking
Fresh Illustration required
Illustration not submitted
Illustration required - Benefit period
Illustration required - Decl not signed
Illustration required - DOB mismatch
Illustration required - Fund details
Illustration required - Gender details
Illustration required - not submitted
Illustration required - Paying period
Illustration required – Plan
Illustration required – SA
Key person details-Company-Partnership-HUF
KYC ID Identification not valid
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
KYC ADD address not valid
KYC Address Proof
KYC Address Proof For Payer
KYC Identification Proof
KYC Identification Proof For Payer
KYC INCM name in proof mismatches
KYC INCM submitted doc old then 6 month
KYC INCM submitted proof not valid
KYC Income Proof
KYC Income Proof For Payer
Letter confirming Base Plan Face Amount
Letter confirming Base Plan Type
Letter confirming Rider type
Letter confirming Benefit Period
Letter confirming Mode of premium
Letter confirming Payment Period
Letter confirming Waiver of premium
No Fund Details on Application
Original cancelled cheque required
Customer/advisor cont. details required
Photograph
Salary Deduction Form
23
KYC ADD address in Proof Mismatches
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
Initial
Requirement
Verification
Process/Filtration
Process
1.1 Background:
Requirement filtration is pre-issuance process where all CS requirements
raised need to be verified for the before it is raised.
1.2 Purpose:
Filtration activity is very crucial as only those requirements need to be called
for/ordered where the application is incompletely logged in. So each & every
requirements needed to be thoroughly verified and decision needed be taken
accordingly.
Requirement
1. Requirement raised for –PAN
CARD FOR OWNER/PAYER
2. Requirement raised for ‘Confirmation of Owner’
3. Requirement raised for –
‘Complete Mailing
Address’
4. Requirement raised for –
‘ECS Mandate Form’
5. Requirement raised for –
‘Credit Card Authorization
Form’
The requirement
is generated
when
the payment
method
asas
ECS
The
requirement
is generated
ifthere
payment
method
isselected
selected
created
where
iswhen
no PAN
cardaddress
submitted
for
The
requirement
is generated
the
is
Proposer
and
Mandate
Form
is notINR
submitted
Annual
Premium
50000
or Above.
Credit
Card
and
Credit
Card
Authorization
Form
is not submitted.
incompletely
filled
in
the
application
form.
Relationship
is
blank,
incomplete
or
details
Verify
the
Mandate
Form
is submitted.
Checkififto
see
the annual
premium
in theCard’
illustration
forare
thestrikeout
amount.
i.i.i. Verify
the
method
ticked
as
‘Credit
and
whether
credit
Verify
the
detailed
address
on
the
application
form.
ii. card
IfIfavailable,
then
the has
following
details
with Cancelled
without
counter
signing.
Pan
Details
areverify
provided
then
check
the NSDL
website
toCheque
validate
authorization
form
been
submitted
or
not.
ii. Verify
whether
the details such as State, City and Pin code is

Bank
Number
PAN
number.
i.ii. Verify
the
Proposer
Details
section
ofwith
theAuthorization
application
If
available,
then
verify the
following
details
available
on
application.

Branch
Number
iii. If the PAN Matches with the customer details update the same and
form.
Account
ID don’t
iii. form
Ifclose
available
then
raise the requirement
Requirement
created.
madeand
for –countersigned
Initial , Renewal then
or Initial
& Renewal
it Payment
Account
Holder
Name
ii. If
is strikeout
cancel
the

expiry
 Card
Account
TypeDate
requirement.
 Policy
signature
Chequeholders
from account
is MICR encoded
iii.
Relationship
with
the
lifebanking
insured,
ifdetails,
valid
iii. Verify
If all
details
are
matching
then
update
the
details
then don’t
all the
thethe
details
are
matching
then
update
the
banking
raise the
requirement
relationship
mentioned then don’t raise the
don’t
raise
the is
requirement
The verification is done from NSDL website.
requirement
Automation is not built in.
6. Requirement raised for –
‘Credit Card Copy’
7. Requirement raised for
– Employers
Undertaking’
8. Requirement raised for
– Salary Deduction
Form’
9. Requirement raised for –
Illustration required DOB Mismatch
10.Requirement raised for –
Illustration required Gender Details
The
requirement
generated
if the
payment
method
is
selected
as
raised
when
the
DOB mismatch
isis raised
when
Method
detail
mismatch
iswith
selected
with
as Salary
Salary
application
Therequirement
requirement
is
generated
if Gender
payment
method
isapplication/Age
selected
as
Deduction
and
thethe
Salary
Deduction
submitted.
proof
and
illustration.
and
illustration.
Employer
Form
is
not submitted
Credit
card
and
copy
ofUndertaking
creditform
cardis
isnot
not
submitted.
i.i. Verify
ifthe
method
ticked
‘Direct
Bill-Monthly
whether
DOB
specified
in as
theapplication
application,
onillustration.
agemode’
proofmode’
and age
the
gender
specified
in
and
Verify
ifthe
the
method
ticked
as
‘Direct
Bill-Monthly
and
i.
Verify
if
the
method
ticked
as
‘Credit
Card’
&
whether
Salary
deduction
is submitted
or
If submitted
not submitted
raise Please
mentioned
on theform
illustration.
ii. Verify
the
correct
gender
reviewing
thenot.
supporting
documents.
whether
original
employer
undertaking
or not.
credit
copy
submitted
or
not.
ii. Ifrequirement.
If
the gender
age card
matches
then
don’twith
raise
the
requirement
iii.
the
details
matches
proof
and
is correctly specified
note
that
the
undertaking
to
beage
verified
in original/physical
at
ii.
If
available,
then
verify
the
following
details.
don’t raise the
requirement.
ii. then
If available,
verify
the following
Branch
/ Vendorthen
front
office level
at their end.details of credit
 Employee signature.
withthen
Authorization
form
ii. Ifcard
available,
verify
following
Employee
code.
If notthe
available,
thendetails.
‘NA’ should be mentioned on

Employer’s
signature
with
company’s
stamp.
 the
Card
expiry
Date
SD form
with
counter
signed
by the client.
iii. Three
email id’s
with contact
no.

name.
 Employer
Policy
holders
signature
iv. IfNote
Salary
deduction
scheme
notraise
available
for BSLI
iii.
all the
details
are matching
then is
don’t
the requirement
 Account
Holders
name
iv. Please
note that Salary
deduction
scheme is not available for BSLI
employees.
employees.
iii. If all the details are matching then update the banking
details then don’t raise the requirement.
11.Requirement raised
for – Illustration
required – Benefit
Period /Paying Period
12.Requirement raised for
– Illustration required Plan
13.Requirement raised for
– Illustration required –
SA
14.Requirement raised for
– Illustration required Decl not signed
The requirement is
toraised
be raised
if Premium
payingisperiod
Sum details
Assured
plan
when
the illustration
not
the
application
different as
specified in
mismatch with
application
andis
illustration.
mentioned
on application
and
illustration
mismatches.
signed.
Sum Assured
mentioned
in the
application
i.illustration.
Verify the illustration
and
the signature
available
on
i. Verify
the Plan details mentioned in application and
andillustration.
illustration.
the
i. illustration.
the paying
detail&mentioned
the is
ii.
IfVerify
the signature
onperiod
illustration
applicationinform
application
andcancel/don’t
illustration. raise the requirement.
matched,
then
ii. IfVerify
if the mentioned
Premium
is
iii.
the illustration
declaration
is notpaying
signedperiod
/
applicable towith
the application
plan.
mismatches
then requirement of
“illustration required – decl not signed” is raised
15.Requirement raised for
– Illustration required Fund details
16.Requirement raised for
– Illustration required not submitted
17.Requirement raised for
– KYC ID Identification
Not of proposer
18.Requirement raised for
– – KYC ID
Identification Proof not
Valid/ KYC ID name in
Proof Mismatches
ifIf the
Identification
proof
ofis
The
the
submitted
proof
The requirement
requirement is
is raised
raised when
Fund
details
Illustration
mismatch
is not
with
the
policy
owner
is not
submitted.
not
listed in
the AML
list.
submitted.
application
and
illustration.
i. Verify the
KYC
identification
proof document
if the
illustration
is submitted
or not.
i.ii.
ifthe
thefunds
identification
proof
of the
policy
i. Verify
mentioned
indon’t
the
application
and is
submitted
along
with thethen
application.
IfVerify
illustration
is available
raise
the owner
with the documents
Application are
-If available
illustration.
ii. submitted
Verify
that along
the submitted
availablethen
in
requirement.
don’t
raise
the requirement.
the AML
approved
document list.
ii.
Insurer’s
Employee
Certificate is submitted it
iii. Once
If validthe
then
don’t raise
the requirement.
valid formust
the policy
in which it by
is submitted
and
iv. will
The be
document
be self-attested
policy owner.
also for the subsequent policies of the same client.
iii. The document must be self-attested by policy owner, If
not raise the requirement.
19.Requirement raised for
– KYC ID name in Proof
Mismatches
20.Requirement raised for
– KYC Identification
Proof
21.Requirement raised for22.Requirement is raised
for – KYC ADD rent
receipt Required
23.Requirement raised for
– KYC ADD address not
valid
•KYC
ADD
address
Proof
not
of proposer
i.The
Verify
the
annualized
of
client
considering
all the
policy
of
requirement
isispremium
raised
ififthe
the
address
proof
isthe
not
valid
The
requirement
raised
name
mention
on
submitted
identification
Proof
of
the
•KYC
ADDwith
address
in
Proof
Mismatches
client
BSLI,
if
the
premium
exceeds
Rs.10,000
then
onlythe
the policy
i.as
Verify
the
premium
of
the
client
considering
application
form
is
not
same
as
the
name
mentioned
on
rent
receipt
.
proposer
is
not
submitted.
•KYC
ADD address
not Address
translatedTheisrequirement
requirement
of KYC
proof
required. is to be raised if the
of
client
with
BSLI,
if the
premium
exceeds
Rs.10,000
identification
proof.
Verify
the
premium
of the
considering
submitted
proof
isannualized
inKYC
vernacular
language
(Other
than
English
or owner
Hindi)
the
ifKYC
the
identification
proof
document
is and
ii.i.the
Verify
the
Address
Proof
document
submitted
isclient
of policy
or not.
arethe
not
attested
by
the
BSLI
authorized
personnel.
iii.docs
Ifthen
document
submitted
isalong
of
policy
owner
then
verifypremium
if theproof
submitted
only
the
requirement
ofthe
KYC
Address
is
all
policy
client
with
BSLI,
ifapplication.
the
exceeds
submitted
or of
not
with
•KYC
ADD address
not valid
requirement
is raised
if thelist.
submitted address
documents
are KYC
available
in(The
the
AML approved
document
i.
Verify
the
identification
proof
document
required.
10,000
then
only
the
requirement
of
KYC
Address
proof
ii.
If
submitted
then
verify
if
the
submitted
documents
proof
is
not
legible.)
iv. If submitted
valid then don’t
raise the
requirement.
along
with
the
application.
ii.
Verify
the
KYC
address
proof
is
validlist.
as per
is
required.
ADD
name inmust
Proof
Mismatches
(The
requirement
is raised
when
the
are
available
inbethe
AML
approved
document
v.•KYC
The
document
self-attested
bysubmitted
policy
owner
ii.
the
submitted
documents
are
available
name
mismatch
with
application
and
submitted
address
proof ) in
the
AML
approved
document
list and
it should
bethe
iii.
IfVerify
valid
then
don’t
raise
the
requirement.
•KYCAML
Address
Proof (Thedocument
requirement islist.
raised when the policy owner address
approved
readable.
iv.
The
document
must
self-attested
policy owner.
proof
is not
submitted and
the be
Premium
is more thanby
Rs.10000.)
iii. IfIfthe
valid
then don’t
raisethen
the requirement.
iii.
address
matches
don’t raise the
iv. requirement.
The document must be self-attested by policy owner.
iv. The document must be self-attested by policy owner.
24.Requirement raised
for- KYC INCM bank
statement not
Authorized
25.Requirement raised for
– KYC INCM submitted
proof not of proposer
26. Requirement raised
for- KYC Income Proof
27.Requirement raised forKYC INCM submitted
doc old then 6 month
28.Requirement raised for KYC INCM name in proof
mismatches
The
proof
details
mentioned
Therequirement
requirementisisraised
raisedwhen
whenthe
theincome
submitted
income
income
proof
is noton
submitted
isof
bank
statement
Salary
slip.
the
KYCis INCM
does
not
with
mentioned
on
proof
not
in
thematch
AMLand
guidelines.
submitted
islisted
bank
the
policy
statement
owner.
and
it Income
is not
signed
or
i.the
Verify
the
annualized
premium
of
the
client
considering
all
the
policy
application.
i.i.
Verify
the
annualized
premium
of
the
client
considering
all
the
sealed
Verify
bythe
bank
annualized
stamp.
premium
of the
client then only the
of
client
with
BSLI,
if
the
premium
exceeds
Rs.1,00,000
i.i. Verify
the
annualized
premium
of
the
client
considering
policy
of
client
with of
BSLI,
if
the premium
exceeds
Rs.1,
Verify the
premium
the
client
BSLI,
if the
premium
considering
all
the
policy
ofwith
client
with
BSLI,
if 00,000
the
requirement
of
KYC
Income
proof
is
required.
then
only
the requirement
of KYC
Income
proof
is required.
all
the
policy
of
client
with
BSLI,
if
the
premium
exceeds
exceeds
Rs.1,00,000
then
only
the
requirement
of
KYConIncome
ii.ii. Verify
the
bank
statement
submitted
and
it
should
be
the
letter
premium
exceeds
Rs.1,00,000
then
only
the
Verify
the
document
submitted
is
approved
as
per
the
AML
proofofisthe
required.
Rs.1,00,000
then
onlyIncome
the
requirement
of
KYC INCM
head
bank
of
signed
and
stamped
by
the
bank.
requirement
of
KYC
proof
is
required.
guidelines.
ii. Verify
Verifythe
the
bank statement
submitted
and it should
be on the
proof
is
required.
iii.
Salary
slip
submitted
and
it
should
self-attested
by
client,
iii.
the
document
is
approved
and
self-attested,
then
verify
all
ii. IfVerify
the
submitted
document
is
in
the
name
of
the
letter
head
of stamped
the bank by
of authority.
signed and stamped by the bank. the
be
signed
and
ii.
Verify
the
KYCand
Income
proof
isdocument
valid
as
per
validity
of document.
If considered
all acceptable
checks submitted
are
cleared
and
the document
policy
owner
it
is
as
the
iii.
Bank
statement
can
be
as
valid
proof
only
if
the
iv. Bank
statement
canraise
be considered
as validproof
proofwith
only ifthe
the
valid
list
and
compare
the
Income
is
valid
then
don’t
the
requirement.
transactiondetails
detailsof
ofthe
thebank
bankstatement
statementisisnot
notmore
morethan
than6six
criteria.
transaction
Months
iv. application.
After
verification
of
the
submitted
documents
if
still
the
months
older.
iii. older.
After
verification
of cleared
the submitted
document
if the
requirement
cannot
be
then
income
proof
needs
to be
iv. After
verification
ofthe
thebank
bank
statement
andifthe
ifstill
stillrequirement.
therequirement
iii.
IfAfter
the
name
matches
then
don’t
raise
v.
verification
of
statement
and
the
requirement
cannot
be cleared
then income
proof
checked
withcannot
previous
policy,
if then
submitted.
requirement
be
cleared
income
proof
needs
to
be
iv.
The
document
must
be
self-attested
by
policy
owner.
cannot
be
cleared
then
income
proof
needs
to
be
checked
with
v. The
document
must be self-attested
by policy
owner.
needs
to be checked
with previous
policy,
if submitted.
checked policy,
with previous
policy, if submitted.
previous
if submitted.
iv.
The
document
must
be self-attested
byowner.
policy owner.
v. The
Thedocument
document
must
beself-attested
self-attested
bypolicy
policy
owner.
vi.
must
be
by
29.Requirement raised for - KYC
INCM submitted proof not
valid
30.Requirement raised for – KYC
Identification Proof for Payor
31.Requirement raised for - KYC
Address Proof For Payor
32.Requirement raised for – KYC
Income Proof For Payor
33.Requirement raised for –
Letter confirming - Base Plan
Face Amount/ Plan Type
34. Requirement raised for –
Letter confirming - Rider
type
35.Requirement raised for –
Letter confirming – Benefit
Period
i. requirement
The
requirement
raised
ifwhen
the
Income
proof
is
not
The
requirement
isis when
raised
the
Period
is not
The
is raised
the
Income
ProofBenefit
of “Payor”
ofValid.
the
policy
Rider
Type
Detail
isis
The
requirement
raised
when
the
Face
Identification
Amount/Plan
Proof
Address
Proof
of
not
submitted.
ii. “Payor”
Verify
the
annualized
premium
of
the
considering
all thein
specified
inthe
the
application
form
or
details
mentioned
not
specified
in
Application
form
orclient
if the
Rider
type
Type
of
is not
of
mentioned
the
policy
isthe
not
application
submitted.
form.
“Payor”
of
policy
is in
not
submitted.
i. Verify
of the
client
with
BSLI, if the
premium
exceeds then
policythe
of premium
client with
BSLI,
if the
premium
exceeds
Rs.10,0000
the
application
and
illustration
does
not
match.
details
mismatch
between
application
and
illustration.
Verify
if the
application
KYC
identification
form
andproof
check
document
if the
Base
is Plan
i.i. Verify
the
annualized
premium
of
the
client
Rs.1,00,000
then
only
theofrequirement
KYC
Income
proof
is required.
only the requirement
KYC Incomeofproof
is required.
i.ii.iii. Verify
the
application
and
the
Verify
validKYC
income
proof
inform
the
name
ofcheck
Payor
ofifthe
policy
is
Rider
Face
submitted
orall
not
Plan
along
Type
with
isof
specified
the
application.
or
not.
considering
the
policy
client
BSLI,
ifshould
the
Verifyifamount/
the
Income
proof
submitted
iswith
valid
and
itbenefit
be
submitted
or
not.
is
oror
not.
details
arespecified
specified
not.
ii. period
Ifreadable.
the
submitted
Face
amount/
then verify
Plan
ifType
thethen
submitted
is specified
and
premium
exceeds
Rs.10,000
only thedocuments
requirement
iii. After verification of the submitted document if the requirement cannot
If benefit
the
Income
proof
then
don’t
raise
the
ii.iv. If
period
ismatches
specified
and
applicable
to list
plan
the
rider
details
are
and
applicable
to and
plan
applicable
are
available
to
in
plan
the
then
AML
match
approved
the
details
document
between
of
KYC
Address
proof
isspecified
required.
be
cleared
then
income
proof
needs
to
be
checked
withrequirement.
previous
policy,
v. then
Verify
all
the
policy
of
client
and searchor
fornot.
income
if
submitted.
the
details
between
application
and
application
in
thematch
and
of the
illustration.
Payor
ofthethe
ii.
Verify
ifname
theprevious
KYC
address
proof
ispolicy.
submitted
proof,allcheck
validitypolicy
as perof(KYC
annexure)
income
proof isproof,
validif
iv.
Verify
thethe
previous
thewith
client
and
search
for
income
iii. illustration.
Verify
Base
all
Plan
previous
Face
amount
policy
of
/
Plan
the
client,
Type
is
if
not
submitted
iii.
If
the
valid
address
proof
the
name
of
the
Payor
from previous
(if submitted)
if the policy
logged
available
with thepolicy
previous
policy (if submitted)
then is
don’t
raisewithin
the 1
iii. If
Benefit
details
are
notapplicable
specified
the
the
rider
are
notdate,
specified
in the
specified
and
search
indetails
for
the
policy
application,
owner
or
identification
proof,
to
plan,
if
of
the
policy
isPeriod
submitted
then
the
requirement
need
requirement.
year
from
the
Branch
receipt
if not
available
withapplication,
thein
previous
ormentioned
not
applicable
to
plan,
ormentioned
theand
details
v. application,
The
document
must
beto
self-attested
by
policy
owner.
or
not
applicable
plan,
orpolicy
the
details
in
available
the
details
with
the
previous
in
the
application
then
don’t
raise the
not
bethen
raised.
policy
don’t
raise
the
requirement.
vi. mentioned
The application
document
be
self-attested
by the
policy
owner.
inmust
the
application
and
illustration
does
not
the
and
illustration
does
not
match
then
illustration
requirement.
does
not
match,
raise
requirement.
iv.
Search
previous
policy
(if submitted)
then
don’t
raise
then requirement
has to be raised.
requirement
hasmust
to be
iv. match
Therequirement.
document
beraised.
self-attested
by policy owner.
the
v. The document must be self-attested by policy owner.
36.Requirement raised for –
Letter confirming - Mode of
premium
37.Requirement raised for –
Letter confirming - Payment
Period
38.Requirement raised for –
Letter confirming – Rider
Face amount
39.Requirement raised for – No
Fund Details on Application
40.Requirement raised for –
Owner and Payor different
41.Requirement raised for –
Nominee is a minor
The
requirement
raised
when
the
“Fund
are
The
is is
raised
when
“Mode
of
Payment”
& “Payment
Method”
The
requirement
isis raised
if
the
Nominee
isDetails”
a policy
Minor.
when
the
Payor
of
isnot
“Rider
Face
Amount”
Therequirement
requirement
raised
when
theOption
Payment
Period
is is
not
mentioned
onapplication
the application
or when the mode selected in the
specified
inthan
the
form.
i.different
Verify
the
application
form
and
check
if the
the
owner
of
the
policy
and
valid
is
not
specified
in
the
application.
Ordetail
when
the“Nominee
Rider
notVerify
specified
in the
application
form.
i.application
theform
application
form
and check
the submitted
“Fund
along with allocation” is
does
not
match
withifthe
documents.
details”
specified
not. between application and
relationship
cannot
beor
established.
specified
or is
not.
Face
Amount
detail mismatch
ii.
If
Specified
theNominee
following
criteria
should
be
taken
care
of:and
i.i. In
Verify
the application
form and
check
if the “Mode
of
Payment”
“Payment
Method” is
Verify
the
application
form
and
check
if the
payment
ii.
case
of
is
Minor,
then
Appointee
details
i.illustration.
Verify
the
owner
and
payor
of
the
policy.
specified
or not.
 If fund
are specified in application then it should be applicable to the plan.
is
or
not.
Ifperiod
arespecified
thenfunds
verify
the
supporting
documents
submitted.
Ifspecified
appointee
details
are
not
mentioned,
ii.
Search
for
the
relationship
on
basis
of data
filled
the details
The the
allocation
ofvalid
the
should
be
100%,
subjective
that
allocation
is
i.ii. required.
Verify
application
form
and
check
if
the
“Rider
Face
iii. If the client
have
opted
for
“Direct
Bill”
and
“ECS
documents
I,e
ECS
mandate
form
/
cancelled
applicable which
willto
be
plan
based. documents
ii. requirement
If payment
period
isbe
specified
applicable
to confirmation
plan
has
raised.
in
application
and
supporting
submitted.
Amount”
specified
or
not. toand
cheque
copy” areissubmitted
then
the
requirement
be raised
as we require
the
 Funds specified in the application should match the illustration and in case of
from
client
regardingthe
the mode
of payment
needed.
then
match
details
between
application
and
iii.
If
the
“Nominee
details”
is
not
specified
in
the
valid
relationship
can
be
related,
then
don’t
raise
multiple
funds
all
the
fund
should
match
with
the
illustration
per allocation
ii.
“Rider
Face
Amount”
is
and
applicable
tothe
iv. After verification of above steps, if the clientspecified
have
submitted/mentioned
theas
desired
details
percentage.
then
don’t
raise the
requirement.
illustration.
application,
if thethe
details
mentioned
application
are
requirement.
plan
then
match
details
betweenon
application
and
Example
above point:
v.
Ifthe details
are supporting
not specifiedthe
or supporting
documents does not match with mode selected
iii. incomplete
If unable
the
period
isdetails
not
specified
inraised.
the - 50% /
requirement
has
to be
iv.
If
to then
identify,
raise
a requirement.
then
raise
a requirement.
 payment
In application
following
are
available
- Enhancer
illustration.
vi. If the client have
opted for50%
Direct
bill
or any optionfollowing
in payment
mode
credit
card) asMaximiser&applicable
In illustration
are
the (Except
details
- Enhancer
application,
or
not
to
plan,
or
the
details
iii. If
the
“Rider
Face
Amount”
is
not
specified
in
the
payment method,
Credit
card documents
are submitted
the application then
100%,and
In the
such
scenarios
requirement
needs towith
be raised.
requirement
of ‘letter
confirming
mode of premium’
is to be
raised.
in
the
application
and
illustration
does
notbe
iii. application,
Ifmentioned
the funds are not
available,
not applicable to
to
plan,
or details
specified
cannot
or
not
applicable
plan,
or the
details
vii. credit card authorization forms with ticked as Initial premium is submitted only for initial
accepted
then
requirement
matchand
then
then
requirement
has
toconfirming
be
raised.
premium
notraise
for
renewal
don’t raise
theand
requirement
of
‘Letter
mode
mentioned
inupdate
the hence
application
illustration
does
not of
premium’. But its needs to be checked that Method and Mode is properly opted and credit
match
thenform
requirement
hastheto
raised.
card authorization
is submitted only with
tickbe
on initial
premium.
42.Requirement raised for –
Appointee details not
provided
43.Requirement raised for–
Appointee Relation with
Proposer not provided
44.Requirement raised for Appointee Signature not
provided
The
is raised
if theifAppointee
details not
provided.
Therequirement
requirement
is raised
the Appointee
sign
not not
relation
i.provided.
Verify the application form and check if the Nominee details
provided are of a minor.
i.
Verify
the application
formbeand
check
ifapplication
the
ii.
If
so,
Appointee
details
should
specified
in
form.
i. Verify
the
application
form
and
check
if
the
“Appointee
relation”
is specified
specified
not. then raise a
iii. If
appointee details
are not
in or
application
“Appointee
is specified
or not. in application
ii. requirement.
If appointeeSign”
Relation
is not specified
ii. IfIf
Appointee
Sign
is not
specified
in application
iv.
Appointee
details
are
provided,
then don’t
raise the then
then
raise the
requirement.
requirement is raised
requirement.
v. If appointee DOB is not mentioned raise the requirement for
appointee DOB.