Terms
To purchase a term insurance policy for Magnum English Speaking Academy, the following criteria and documents are generally required:
Eligibility Criteria
- Age: The applicant must meet the age requirements set by the insurance provider, which typically ranges from 18 to 65 years old [1].
- Income Proof: Evidence of income is needed to determine the appropriate coverage amount [3].
Required Documents
- Proof of Age: Birth certificate, passport, or any government-issued ID that includes the date of birth [6].
- Identity Proof: PAN card, Aadhaar card, or passport.
- Address Proof: Utility bills, rental agreement, or passport.
- Income Proof: Latest Form 16, salary slips, or bank statements from the last six months [3].
- Medical Reports: Depending on the insurer’s requirements, medical examinations may be necessary [5].
Ensure all documents are accurate and up-to-date to avoid delays in the application process.