Wednesday, July 31, 2013

Proof of income


Read the following after reading the first two paragraphs of the Post on Proof of identity.

If premium of the proposed life insurance cover is above a certain level the proposer is expected to submit proof of his income too without which the proposal will not be considered for underwriting. Acceptable proofs of income include Income Tax Returns, Salary certificates issued by employers, bank Pass Book copies showing inflow and outflow of money in the account for the past three years etc.


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