Tuesday, October 16, 2007

Should we have standard format for proposal form for all insurance co's

Different insurance co's use different formats for the proposal.Many a times the branches are out of stock of printed forms.While we welcome the independence of all the co's but a standardised form will be a cost effective way to handle the whole thing.It will be easy to follow in this large country.If most of the co's can handle health proposal in 2 pages format then why someone should be using 4 page format.If the survey /study reveals that 4 page format is the right thing then let all of them follow 4 page format.

Hats off to Reliance General ,which has done away with these forms and issues the policy by giving a receipt ( half of A4 size paper) along with policy on the spot.

Comments are invited.

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