Get Proposal Form 1 May - Sabb Takaful

This guide offers a clear and comprehensive approach to completing the Proposal Form 1 May - SABB Takaful online. By following the structured steps below, you will provide necessary information accurately and efficiently.

Follow the steps to complete your proposal form successfully.

1. Press the ‘Get Form’ button to access the form and open it in your preferred editor.
2. Enter the application number (if known) and the date of application. Provide full names for the life/lives to be insured, including details for both first life and second life (if applicable).
3. Detail the occupations of the life/lives insured and specify their employment status. Indicate whether they are employed, self-employed, a shareholding director, or in partnership.
4. Respond to the question about concurrent applications to other offices. If applicable, include details such as policy type and term, company, sum insured, and reason for cover.
5. List existing policies for life, critical illness, and income protection for each life insured. Provide the company, date effected, policy type and term, sum insured, and reason for cover.
6. Provide business details including the name of the company or partnership, nature of the business, establishment date, and number of employees. Specify the percentage of company share capital owned by the life/lives to be insured.
7. Submit details for turnover, gross profit, and net profit before tax for the last three years, along with projected figures for the next year.
8. Detail personal earnings assessed for income tax for the last two years for both lives insured, including salary, dividends, bonuses, share of profit, and total.
9. Estimate the assets and liabilities for each life insured and attach any supporting documentation, such as valuation certificates.
10. Provide dependants' details and their ages for both lives insured.
11. Answer whether the proposed policy owner is currently bankrupt or a director of a company in receivership. Provide details if applicable.
12. Indicate the expected duration of the proposed policy and the source of premium payments. Specify intentions regarding tax deductions.
13. Clarify the reason for effecting the policy by checking the corresponding boxes.
14. In Part 2, address the sections related to keyperson, commercial/personal loan, and share purchase, answering each question as required.
15. Review all entries for accuracy. Save changes, download, print, or share the completed form as needed.

Complete the Proposal Form 1 May - SABB Takaful online to ensure your insurance application is processed smoothly.