--------------------1. If the life to be assured is attending School/College Please give i) Name and Address of the School/ College he/she attends. ii) Class in which he/she is studying iii) If Studying in College, His/Her subjects of study (E.g. Chemistry,Chemical/Mechanical/Electrical Engineering etc. and whether training in hazaradous processes) 2. Full particulars of Insurance Policies in force on the date of proposal Wether issued by any existing Business Unit or Corporation on the lives.
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How to fill out the Form 294 online
Filling out Form 294 is an essential process for securing life insurance on the lives of minors and non-earning major lives. This guide will provide you with clear, step-by-step instructions to ensure that you complete the form accurately and efficiently online.
Follow the steps to complete Form 294 online with ease.
- Click ‘Get Form’ button to obtain the form and open it in your preferred online editor.
- Provide the proposal number and specify the individual for whom the insurance is being sought.
- If the life to be assured is attending school or college, fill in the name and address of the educational institution, the class the individual is studying in, and, if applicable, the subjects of study.
- List any existing insurance policies in force on the date of the proposal. Include details for each policy such as the name of the office that issued the policy, policy number, sum assured, plan, due date of last premium paid, along with the ages of family members.
- Fill in the father’s name and monthly income, and confirm if the father or proposer pays income tax, including the last assessed income and the corresponding period.
- Indicate how the premium under the resulting policy will be financed, whether from HUF funds or individual income. If HUF funds are used, submit the relevant addendum.
- Review all entries for accuracy and ensure all necessary declarations are signed by the proposer and parent or guardian.
- Once everything is filled out correctly, save changes, download, print, or share the completed form as necessary.
Start completing your Form 294 online today for a smooth insurance application process.
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