The correct answer is: D. IRDA (Protection of Policyholders’ Interests) Regulations, 2002.
A proposal form is a document that is used by an insurance company to collect information about a potential policyholder. The information on the proposal form is used to assess the risk of insuring the policyholder and to determine the premium that the policyholder will pay.
The IRDA (Protection of Policyholders’ Interests) Regulations, 2002, are a set of regulations that were issued by the Insurance Regulatory and Development Authority of India (IRDAI). The regulations are designed to protect the interests of policyholders in India.
The regulations require insurance companies to obtain a proposal form from a potential policyholder before issuing an insurance policy. The proposal form must contain certain information, such as the name and address of the policyholder, the type of insurance policy that is being applied for, and the amount of coverage that is being requested.
The regulations also require insurance companies to provide a copy of the proposal form to the policyholder before the policy is issued. The policyholder must sign the proposal form before the policy is issued.
The regulations are designed to ensure that insurance companies obtain all of the necessary information from potential policyholders before issuing an insurance policy. The regulations also help to protect policyholders by requiring insurance companies to provide them with a copy of the proposal form before the policy is issued.
The other options are incorrect because they do not define a proposal form.
A. IRDA Act, 1999 is an act of the Parliament of India that established the Insurance Regulatory and Development Authority of India (IRDAI). The act does not define a proposal form.
B. IRDA (Licensing of Agents) Regulations, 2000 are a set of regulations that were issued by the IRDAI. The regulations regulate the licensing of insurance agents in India. The regulations do not define a proposal form.
C. Insurance Act, 1938 is an act of the Parliament of India that regulates the insurance industry in India. The act does not define a proposal form.