InsuranceFinancial Glossary
Proposal Form
Definition
The application form filled by an insurance applicant providing personal details, health history, lifestyle information, and financial details. The proposal form is a legal document — any misrepresentation or non-disclosure can be grounds for claim rejection or policy cancellation.
Why It Matters
Fill your proposal form yourself or at least review every answer carefully before signing. Many mis-selling complaints arise because agents fill in incorrect health declarations to secure lower premiums. You are legally responsible for every answer on the form, not the agent.