New proposal form 300 from LIC

A few points to take a note about new proposal form 300


  • To be filled in block letters
  • Section 1 deals with details of LA
  • At the end need to collect LA mobile number, e mail and sign of LA 
  • Here the number of PAN and last four digits of aadhar is required. ID proof is must
  • Nominee/ appointee ID proof, details is required.
  • Bank details with a copy of cancelled cheque leaf is required.
  • Section 2 deals with proposed plan details and at the end need to get sign of LA
  • Section 3 deals with the personal, family details and health n habits. At the end need to get the sign of LA
  • Section 4 is declaration by the LA. At the end left side sign of witness n right side sign of LA is required
  • Next comes sec 45 n sec 41 of ins.act. At the end of each sign of LA n agt is required
  • Next comes two addendum of settlement options for maturity n death benefits. At the end of each get sign of LA.

In addition to the proposal, need to submit the suitability form(5 pages) with a prior date to the proposal.

More or less same data for 340 and 360 also in which need to get signs of both LP n LA. In 360 both the photos required. Suitability form is to be given for all proposals.

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