Documentation is the official procedure that contains all the official information regarding the insurance contract between the insurer and the insured. Alternatively, documentation stands for a compilation of documents that is used as a written evidence of information.

Like in every other segment, insurance companies also need proofs while issuing a life insurance policy. The policy seeker is required to submit all the relevant documents in order to avail the policy. This process is done before the policy is issued. The applicant can either upload it directly by visiting the official website of the insurer or e-mail it to insurer’s customer service id. He/she can courier it to the official address as well. These documents also need to be self-attested by the insured.

At the time of applying for a policy, the life insurer will ask for the below-mentioned KYC documents:

Income Certificate

This is necessary to estimate the sum assured or cover that is to be offered to the insured. In most the cases, life insurance companies offer a cover up to 20 times the proposer’s annual income. The standard income proofs include:

• Last 3 to 6 months salary slips (depending on the insurer)
• Income Tax Returns (ITR) of last 2 to 3 years
• Last 6 months bank statements with continuous entries of 3 months credited salary
• If the person is self-employed then CA certificate
• Latest Form 16

Address Proof

Insurance companies would ask for address details of the applicant. These documents are used as address proof-

• Voter ID card
• Aadhaar Card
• Saving bank statement
• Passbook with latest 6 months entries
• Latest 3 months Credit Card Statement
• Driving Licence
• 3 months Utility Bills
• Passport
• Ration Card

Identity Proof

One can provide the flowing documents as ID proof:

• Passport
• PAN Card
• Aadhaar Card
• Voter Id card

Age Proof

Some of the aforementioned documents would be considered as age proof as well. However, below is a comprehensive list of documents that can be used as age proof:

• PAN Card
• Aadhaar Card
• Voter Id card
• Driving License
• Passport
• Ration card
• Marriage certificate
• School/College leaving certificate
• Birth certificate