PROPOSAL FORM/ELECTRONIC PROPOSAL

FORM FOR SINGLE/JOINT LIFE

Linked and Non Linked Individual Life Full Underwriting Plans

For Office use only

Consultant Name & Code: TANUJA KUMARI 01137330
License No: License Expiry Dt: Bancassurance Code:
Company Lead: Lead Reference No: Channel Partner Cust Id:
IA / CAO Emp No: IA / CAO Name: Branch Code:
Channel Code: FOS Code: Telecode:

ALL UNIT LINKED POLICIES ARE DIFFERENT FROM TRADITIONAL INSURANCE POLICIES AND ARE SUBJECT TO DIFFERENT RISK FACTORS.
IN UNIT LINKED POLICY THE INVESTMENT RISK IN YOUR CHOSEN INVESTMENT PORTFOLIO IS BORNE BY YOU Photograph of life to be assured*
to be signed across by the life to
be assured
* Not mandatory if life to be
assured is different from the
1) The entire form is to be filled in black ink only by the policyholder. Use CAPITAL letters for information required in boxes with a space between Proposer except if Life to be
assured is minor
words. 2) Any cancellation / alteration is to be signed by the proposed policyholder or life to be assured as appropriate. 3) All information provided here
shall be relied on and should be accurate, complete and true in all respects for processing the proposal quickly. In case you have any doubt whether the
particular information is material or not, please disclose the information. 4) Please attach an extra sheet, wherever additional information is to be given.

Proposer (Primary Life to be Assured)/ Policy Owner Details (Proposer in case of Click 2 Wealth for Premium Waiver Option)
1. Full Name:(Leave a blank Mr. SHIVAM KUMAR
space between First, Middle &
Last Name)
2. Maiden Name:(for married woman
only)

3. Date of Birth (DD/MM/YYYY): 08/02/1997

4. Gender(M/F/Tg): Male
5. Marital Status: Single
6. Nationality: Indian
7. Education: BE
8. Resident status: Resident Indian
If you are NRI/PIO/OCI, Please attach
appropriate Questionnaire.

Country of Residence:
If NRI/PIO/OCI

Country of Workplace:
If NRI/PIO/OCI

Permanent Country:
9. Do you have an existing HDFC No If Yes, please provide Policy NO: Annualised Premium:
Life policy:
10. Does your spouse have an If Yes, please provide Product
existing HDFC Life policy: Name:
11. Are You an employee of HDFC If Yes, please provide Employee Relationship with HDFC Group
Group or Spouse/child of HDFC ID: Employee(if applicable)
Group employee:
12. Correspondence SHANKAR CHOWK WARD NO 18, BHABDEPUR, NEAR GIRLS MIDDLE SCHOOL
Address: Sitamarhi, Bihar-843302 India
13. Permanent Address (If SHANKAR CHOWK WARD NO 18, BHABDEPUR, NEAR GIRLS MIDDLE SCHOOL
different from Sitamarhi, Bihar-843302 India
correspondence address)/
Overseas residential
address for NRI / PIO / OCI :
14. Mobile: 919035180512
Telephone No(R):
Telephone No(O):
E - mail ID: SHIVAMSONI2754@GMAIL.COM
Email ID if provided, will be
considered as preferred mode of
communication

15. Preferred language of English

communication:
16. Present Occupation: Salaried
Gross Yearly Income 11,50,000
(INR):
Workplace Name and Societe generale Global solution centre pvt.ltd, Bangalore, Bangalore,
Address:
^ if Retired, please provide name of
last organisation

Industry Type (cement, IT Industry

baking, etc.):
Exact Nature of work
(clerical, mechanical,
supervisory job, etc.):
Nature of Occupation Software Development Manager
(architect, etc.):
17. Income Proof (proposer): Identity Proof (Proposer):
Address Proof Age Proof (Life Assured):
(Proposer):
PAN* (Proposer): HHOPK7785Q
18. PAN Photocopy HHOPK7785Q
enclosed :(*Submit Form 60 if PAN
is not available)

19. Do you want policy in No E insurance account number:

Demat form?If a policy is requested
in demat form, it will not be given in
physical form and vise versa.

20. Is the Policy holder same Yes

as Life Assured
 Relationship with Life to Self
be Assured
21. Are you taking the policy No
to primarily protect the
disabled person?
22. Are you a "Politically No
Exposed Person"?
Definition of a Politically Exposed Person: Politically exposed persons are individuals who are or have been entrusted with prominent public functions in a foreign country, their family members
and close relatives; for e.g. Heads of States or of Governments, Senior politicians, Senior government / judicial / military officers,Senior executives of state-owned corporations, Important
politicals party officials, etc.

23. Do you have any history of conviction / acquittal under any criminal proceedings in India or abroad? No
24. Sources of Funds: If Premium & Single Premium Top-ups, if any is equal to or more than INR 1 lakh, please enclose proof of income e.g. ITR

Salaries Business House Property Capital Gains Investments Agriculture Others Total
100% 100%

Details of Secondary Life to be Assured (Life Assured in case of Click 2 Wealth for Premium Waiver Option)
1. Full Name: (Leave a Mr. SHIVAM KUMAR
blank space between First,
Middle & Last Name)
2. Maiden Name:(for married
woman only)

3. Father/Husband Name: SHIV PUJAN PRASAD

SONI
4. Mother's Maiden Name:
5. Relationship with
Primary Life Assured:
6. Date of Birth (DD/MM/ 08/02/1997
YYYY) :
7. Gender(M/F/Tg): Male
8. Marital Status: Single
9. Nationality: Indian
10. Education: BE
11. Resident status: Resident Indian
If you are NRI/PIO/OCI, Please
attach appropriate Questionnaire.

Country of Residence:
If NRI/PIO/OCI

Country of Workplace:
If NRI/PIO/OCI

Permanent Country:
12. Mobile: 919035180512
Telephone No(R):
Telephone No(O):
E - mail ID: SHIVAMSONI2754@GMAIL.COM
Email ID if provided, will be
considered as preferred mode of
communication

Preferred language of
communication:
13. Present Occupation: Salaried
14. Gross Yearly Income 11,50,000
(INR):
15. Workplace Name and Societe generale Global solution centre pvt.ltd, Bangalore, Bangalore,
Address:
^ please provide name of last
organisation

16. Industry Type (cement, IT Industry

baking, etc.):
17. Exact Nature of work
(clerical, mechanical,
supervisory job, etc.):
18. Nature of Occupation Software Development Manager
(architect, etc.):
19. Income Proof : Identity Proof :
Address Proof : Age Proof (Life Assured):
PAN* :
20. PAN Photocopy
enclosed :(*Submit Form 60 if PAN
is not available)

21. Do you want policy in E insurance account number:

Demat Form?If a policy is
requested in demat form, it will not be
given in physical form and vise versa.

22. Do you have any history of conviction / acquittal under any criminal proceedings in
India or abroad? No
23. If Life to Assured is a student/housewife, please provide insurance details regarding
parents/husband/siblings.
(Please attach a separate sheet for multiple policies if required.)

Total Sum Assured of all Policy No. and Name of Husband's / Parent's
inforce life insurance Company Occupation / Income
policies

Personal Details of Life to be Assured (Primary) (Proposer in case of Click 2 Wealth for Premium Waiver Option)
1 Please provide details, if any, regarding your occupation or business, which may render you susceptible to injury or illness. None of these
(e.g. exposure to chemical substances/hazardous materials/harmful dust or gases/ explosives/ working at heights/ handling
heavy machinery etc.)
2 Do you have any existing insurance cover of premium paying and/ or paid-up policies? N
3 Have you submitted any simultaneous applications for life insurance to another life insurance company, which is still pending Neither of these
or are you likely to revive lapsed policies.
4 Has any application for insurance on your life been postponed? N
5 Has any application for insurance on your life been accepted with extra premium? N
6 Has any application for insurance on your life been accepted on other special terms? N
7 Has any application for insurance on your life been declined? N
8 Has any application for insurance on your life been withdrawn by you? N
9 Have you resided overseas for more than six months continuously during the last five years? N
10 Do you intend to reside overseas in the next six month N
11 Do you take part in any hobbies/ activities that could be considered dangerous in any way? E.g. aviation (other than as a fare- N
paying passenger), mountaineering, deep sea diving or any form of racing.
12 Have you ever suffered from: Diabetes/ high blood sugar/ sugar in urine,High blood pressure/ hypertension,Heart N
disease,Stroke
13 Have you ever suffered from:Respiratory disorders,Arthritis,Back problems,Tuberculosis,Any recurrent medical condition, N
disability. (Including eye/ ear disorder)
14 Have you ever suffered from: Liver disorder,Kidney disorder,Disorder of the digestive system,Abnormality of thyroid,Blood N
disorder?
15 Have you ever suffered from: Epilepsy, Any nervous disorder or mental condition, Paralysis or multiple sclerosis, Depression N
or psychiatric disorder,Cancer or a tumor.
16 Do you have any physical disability which is affecting your day to day activities? N
17 Are you currently suffering from any illness, impairment or taking any medication or pills or drugs? N
18 Have you ever been tested positive for HIV/ AIDS or Hepatitis B or C, or have you been tested/ treated for other sexually N
transmitted disease or are you awaiting the results of such a test?
19 Do you have/ had any recurrent medical condition or physical disability or illness or injury that has kept you from working for N
more than one week in last 5 years?
20 During last 5 years have you undergone or been recommended to undergo hospitalisation? N
21 During last 5 years have you undergone or been recommended to undergo operation? N
22 During last 5 years have you undergone or been recommended to undergo X-ray any other investigation (excluding check-ups N
for employment/ insurance/ foreign visit)?
23 State the name, address, and telephone number of your usual doctor who attends you in the event of illness, or if you have Not specific
been consulting with this doctor for less than three months, the name and contact details of your previous doctor.
24 We may require you to undergo medical examinations/tests. Some of the medical tests may require you to observe fasting. Residence
Please indicate your preference of location, near which the medical tests can be conducted.
25 What is your height? 5ft 4ins = 163cms
26 What is your weight (in kg)? 66
27 Do you consume alcohol? N
28 Do you use tobacco products? N
29 Are you currently consuming or have you ever consumed narcotics or any such other substance whether prescribed or not? N
30 Are any of your family members suffering from / have suffered from / have died of Heart Disease or High Blood Pressure or N
Stroke or Diabetes or Kidney disease or Cancer or HIV/AIDS?
31 Have you ever suffered or been diagnosed or been treated for Dengue or Swine Flu or Encephalitis ? N
Signature of Primary Life Assured

Previous Policy Details

1. Have you submitted any simultaneous applications for life insurance at any of our offices or to another life insurance company, which is still pending OR are No
you likely to revive lapsed policies?
Name of the Sum Assured Types of Purpose of Proposed To be revived
company/ies payable on products cover
death (INR)

2. Please provide the details of any existing insurance cover of premium paying and/or paid up policies accepted at standard rate excluding group term insurance No
plan taken by your employer. (Also provide the details of any such proposals on your life / application for instatement ever accepted with extra premium, accepted
on other special terms, postponed, declined or withdrawn by self)
Policy / Company Year of Basic Sum Annual Base Medical Inforce /
Proposal Name Issue / Assured Premium Plan / Policy Lapsed*
No. Application (INR) (INR) Rider
Decision

* Mention Year of Lapse / Revival applied for

3. Name of your family doctor: Not specific

Address:
Contact No:

Nominee Details (To be filled only if Proposer and Life to be assured are same)
Nominee Full Name Date of Birth(DD/ Gender(M/F/Tg) Relationship Contact No % Share
MM/YYYY) with Life to be
Assured
1 Mrs. GEETA DEVI 01/01/1974 Female Mother 100

Details of Products Applied For

1. Objective of Protection
Insurance:
2. Frequency:(for regular / Annual
limited premium paying plan)

3. Premium Payment Limited Pay

Option:
4. Top-up Option: No ________Top up % (available only under Click 2
Protect 3D Plus )

5a. Product Details:

Product Name Cover type Plan Option Policy Premium Sum Extra -Life Modal
(Self/PPH/HUF/ Term(in Payment Assured(in Sum Premium
MWPA/ years) INR) (in INR)
Business) Term(in years) Assured(in
INR)

HDFC Life Click 2 Life Protect 60 50 1,00,00,000 15,581

Protect Life
6a. For YoungStar
Udaan, Classic Waiver
Plan Option:
6b. For YoungStar
Super Premium, also
choose Benefit Option:
6c. For Sampoorn
Nivesh, also choose
Benefit Option :
6d. For Classic One,
choose Coverage
Variant :
6e. For Click 2 Wealth,
choose plan option :
6f. For Sanchay
Plus,choose Income
Payout Mode :
6g. For Sanchay Par
Advantage, choose
survival benefit payout
option :
6h. For Sanchay Par
Advantage, also choose
survival benefit payout
frequency :
6i. For Sanchay Par
Advantage, also choose
survival benefit payout
date :
6j. For Click 2 Protect Return of Premium: No WoP CI: No Accidental Death No
Life, choose add on Benefit:
option :
6k. For Click 2 Protect i)Return of Premium: No
Super, choose option(s) :
ii)WoP CI:
iii)WoP TPD:
iv)Spouse Cover: If opted, please provide: Spouse Name:
Spouse Sum Assured:
Spouse Date of Birth:
v)Death Benefit as an If opted, choose Instalment Period:
Instalment Option:
Instalment Frequency:
Percentage of Death
Benefit to be Received
as Instalment:
vi)Life Stage Option:
6i. For Click 2 Protect
Super-Life Option
choose Variant opted :
6m. For Click 2 Protect Level Cover Period:
Super-Life Goal Option,
choose:
6n. For Smart Protect
Plan, choose plan
option:
6o. For Smart Protect Level Cover Period
Plan, Decreasing Cover
and Decreasing with
Capital Guarantee Plan
option choose:
7. Rider Details: Product Rider Name Coverage Rider Option Rider Policy Rider Premium Pay Term(in Rider Sum Modal
(with additional premium) Name Type Term(in years) years) Assured(in Premium (in
INR) INR)

8. Top-up Premium Top-up Sum Assured Total Premium (INR): 18,386

(INR): (INR):
9. Commencement Backdation Charges
date^: (INR) (if any):
(^only for non linked plan - Has to be within
the same financial year)

10.I wish to opt for Systematic Transfer Plan (STP) No

Source Fund Target Fund Amount Transfer Date

In case the Transfer Date is not selected, it will be consider

as 1st of the Month.
In order to activate/continue STP, Policyholder has to ensure
that sufficient premiums are allocated in Source Fund.

11. For unit linked plans, kindly indicate % of allocation in below mentioned funds as applicable (please check the fund for the product applied)
Income Balanced Blue chip Opportuni Equity Diversified Bond Conservat Liquid Discovery Equity Bond Plus Secure Sustaina Total
Fund Fund Fund ties Fund Plus Fund Equity Fund ive Fund Fund Fund Advantage Fund Advantage ble Equity
Fund Fund Fund Fund
% % % % % % % % % % % % % % 100%

Details of First Premium Deposit.

Payor Details: Self
Payment Details: Amount in (INR): 18,386
Drawn on (Bank name & branch): ______________________
Cheque / DD No. ______________________ Date: ______________________ Bank A/c No. ______________________

Payout Mode(Choose any one)

Selected mode would be used by the company to make payout(s) to the Proposer. Payout would be in accordance and subject to the terms and conditions of the policy.

1 Account Type: Savings 2 Bank Name: HDFC BANK LTD

3 Account 50100458245149 4 Bank Branch: HDFC BANK LTD WHITE FIELD ROAD, BANGALORE
Number:
5 IFSC Code: HDFC0000077

Declaration: 1. In case of non credit to my bank account with/without assigning any reasons there of or if the transaction is delayed or not effected at all for reasons of incomplete / incorrect information, I would not hold HDFC Life Insurance Co. Ltd
responsible. 2. In case of NRI/NRE account, cheque will be issued.
Note: Please provide a cancelled copy of your cheque.

Signature of Proposer

Declaration of the Life(s) to be Assured and Proposer / Policy Owner

I/We declare that:

i.I/We have replied to the questions, and have made the statements in respect of the matters sought for, in the proposal Form/Electronic proposal form ("Proposal Form") and I
understand and agree that the replies given and statements/declarations made in the Proposal Form together with any documents submitted by me/us for processing my/our
application for insurance shall be the basis of the contract between me/us and HDFC Life Insurance Company Limited ("the Company"). All documents submitted by me/us along with
this Proposal Form are authentic, valid, and where relevant true copies of originals for the purpose of this Proposal Form have been submitted and I/ we have not withheld any material
fact within my/ our knowledge. ii. I/We understand and agree that in case of misstatement or suppression of material facts the policy contract shall be treated in accordance with the
Sec 45 of Insurance Act,1938 as amended from time to time. iii.I/We shall be bound to notify the Company forthwith, in writing, of any change in my/our health, occupation or income
between the date of this Proposal Form and the date of acceptance of my/our proposal for insurance, as communicated in writing to me/us by the Company. iv. I/We have deposited
the first premium along with this Proposal Form, and the premiums payable under the Policy that may be issued in pursuance of this proposal for insurance, will be paid, strictly in
accordance with the law of the land. Amounts paid, otherwise than from my account shall be paid only if i/we can establish an insurable interest. v. All/any amounts paid/payable
towards the policy will be out of legally declared and assessed sources. Further,all the premiums will be paid in accordance with Prevention of Money Laundering Act 2002 (as
amended from time to time) or any other applicable laws.vi. I/we will provide information as required by the Company, on its own or under any lawful instruction/ order, regarding
sources of funds/utilization/ withdrawals.

I/We agree and understand:

i.That the Company will be on risk in pursuance of this proposal for insurance only after the risk under the Proposal Form is accepted by the Company and such acceptance is
communicated to me/us in writing by the Company. ii.That the Company has the right either to accept or reject my/ our proposal and I undertake that there shall be no costs, claims,
charges being raised by me/ us against the Company thereof. iii. That the Company shall be entitled to retain the premium paid along with the Proposal Form as an interest free initial
deposit to be adjusted against premium payable upon issuance of the Policy. In the event the proposal for insurance is not accepted by the Company the aforesaid deposit shall be
refunded without any interest subject to deductions for medical costs, if any. iv. That the premium payable as well as the sum assured (main as well as additional benefits) may vary
upon assessment of risk by the Company. v.That the Company may seek information from any of my/ our past or present employers/ business associates or from a doctor/medical
examiner / hospital / laboratory / clinic who at any time have attended to me/ us concerning anything which affects my/ our physical or mental health or may seek information from any
insurance office to which an application has been made for insurance on my/ our life. I/ We hereby authorize such parties to furnish information as required by the Company and also
to furnish any documents regarding my/ our employment/business, my/ our health and habits or health and habits of the Life to be Assured (without taking the prior consent of my/ our
family or of any member thereof) as it may require either for the purpose of processing my/ our proposal for insurance or at any time thereafter for any other purpose in relation to the
Policy that may be issued in pursuance of this proposal for insurance vi.In the event of I/we being medically examined, the answers given by me/ us to the medical examiner acting on
behalf of the Company shall be deemed to be incorporated in this proposal for insurance.vii. That the Company may, without any reference to me/us or my family or any member
thereof, furnish any details/ information furnished in this Proposal Form to any judicial or statutory or other authority or to any insurer or reinsurer in connection with the processing of
this proposal for insurance or servicing of this policy. viii. That the Company may contact/ communicate with me/us through postal or courier service, email, telephone, mobile, sms or
VoIP including Whats App. ix. I hereby declare and agree that the above disclosures along with the Statements and the declarations made under the proposal made by me as
Proposer and on behalf of the other/secondary life assured in case of joint life proposals will be the basis of the contract of assurance between us and HDFC Life. If any statement is
found to be untrue or inaccurate or if any fact that might influence the terms of acceptance of this proposal is not disclosed by me in my capacity as Proposer and on behalf of the other/
secondary life assured in case of joint life proposals, the contract shall be treated in accordance with the Sec 45 of Insurance Act,1938 as amended from time to time.x. That I/We have
voluntarily given my/our consent to collect, process, receive, possess, store, deal or handle my/our sensitive personal data or information [as defined in the Information Technology
(Reasonable security practices and procedures and sensitive personal data or information) Rules 2011 as amended from time to time], with third parties/ vendors associated with the
Company for various purposes and outsourced activities related to issuance/servicing/settlement of claim as required under the Policy.

Additional Declaration (Applicable for Health Rider / Product):

i. I/We hereby declare, on my/our behalf and on behalf of all persons proposed to be insured, that the above statements, answers and/or particulars given by me/us are true and
complete in all respects to the best of my/ our knowledge and that I/ We am/are authorised to propose on behalf of these other persons. ii. I/We understand that the information
provided by me / us will form the basis of the insurance policy, is subject to the Board approved underwriting policy of the insurer and that the policy will come into force only after full
payment of the premium chargeable.iii. I/We further declare that I / We will notify in writing any change occurring in the occupation or general health of the life to be insured/proposer
after the proposal has been submitted but before communication of the risk acceptance by the company. iv. I/We declare that I/We consent to the company seeking medical
information from any doctor or hospital who/which at any time has attended on the person to be insured/proposer or from any past or present employer concerning anything which
affects the physical or mental health of the person to be insured/proposer and seeking information from any insurer to whom an application for insurance on the person to be insured /
proposer has been made for the purpose of underwriting the proposal and/or claim settlement. v. I/We authorize the company to share information pertaining to my/our proposal
including the medical records of the insured/proposer for the sole purpose of underwriting the proposal and/or claims settlement and with any Governmental and/or Regulatory
authority.

Signature/Thumb impression of (Primary) life to be assured. Signature should match with signature on ECS/SI mandate

Date: Place:

Mobile:

PLEASE DO NOT SIGN ON THE BLANK PROPOSAL FORM

Declaration of good health for spouse

Name: DOB: Amount of Insurance:

Within the past 5 years from the date of signing this proposal form, I have neither been hospitalized for, required medication or treatment for, nor consulted a
physician (to include a follow-up visit) due to, or as a result of, any of the following: alcohol or drug abuse, heart or circulatory disorder, stroke, cancer or
leukemia, diabetes, high blood pressure, chronic kidney or liver disease, mental, nervous or neurological disorders, lung disorders, AIDS (acquired immune
deficiency syndrome), ARC (AIDS related complex), or had tests indicating exposure to the AIDS virus.

Yes No Date:____________________ Signature of the spouse

Declaration (If signed in Vernacular language / Thumb impression has been affixed above)

Declaration to be made by a 3rd person where: The life(s) to be assured/proposed policyholder has/have affixed his/her thumb impression; OR the life(s) to be assured/
proposed policyholder has signed in vernacular; OR the life to be assured/proposed policyholder has not filled the application OR/AND The spouse of the life to be
assured/proposed policyholder has affixed his/her thumb impression or signed in vernacular the Declaration of Good Health applicable under Elite Option of Smart
Woman Plan.

I hereby declare that I have explained the contents of this application form to the life(s) to be assured / proposed policyholder in ________________________language and have
truthfully recorded the answers provided to me. I further declare that the life(s) to be assured/proposed policyholder has signed/affixed his/ her thumb impression in my presence.

____________________________________________________________________________________________________ ___________________________________
Name and address of Declarant Signature of Declarant
Occupation of the Declarant
Name and address of Witness Signature of Witness
Occupation of the Witness

Declaration made by life to be assured/proposed policyholder

I/We certify that the contents of the form have been fully explained to me by Mr. / Mrs.:________________________________

_____________________________________________________________________ ______________________________________
Signature/Thumb impression of life to be assured/proposed policyholder Name, Designation & Occupation

Sections of the Insurance Act 1938 as amended from time to time

Section 41 - Prohibition of rebates: No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an insurance
in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall
any person taking out or renewing or continuing a policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the
insurer.

Section 45 - 1.No policy of life insurance shall be called in question on any ground whatsoever after the expiry of three years from the date of the policy, i.e., from the date of
issuance of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later. 2. A policy of life insurance may be
called in question at any time within three years from the date of issuance of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to
the policy, whichever is later, on the ground of fraud: Provided that the insurer shall have to communicate in writing to the insured or the legal representatives or nominees or
assignees of the insured the grounds and materials on which such decision is based. 3.Notwithstanding anything contained in sub-section (2), no insurer shall repudiate a life
insurance policy on the ground of fraud if the insured can prove that the misstatement of or suppression of a material fact was true to the best of his knowledge and belief or that there
was no deliberate intention to suppress the fact or that such mis-statement of or suppression of a material fact are within the knowledge of the insurer: Provided that in case of fraud,
the onus of disproving lies upon the beneficiaries, in case the policyholder is not alive. 4.A policy of life insurance may be called in question at any time within three years from the date
of issuance of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later, on the ground that any
statement of or suppression of a fact material to the expectancy of the life of the insured was incorrectly made in the proposal or other document on the basis of which the policy was
issued or revived or rider issued: Provided that the insurer shall have to communicate in writing to the insured or the legal representatives or nominees or assignees of the insured the
grounds and materials on which such decision to repudiate the policy of life insurance is based: Provided further that in case of repudiation of the policy on the ground of misstatement
or suppression of a material fact, and not on the ground of fraud, the premiums collected on the policy till the date of repudiation shall be paid to the insured or the legal representatives
or nominees or assignees of the insured within a period of ninety days from the date of such repudiation. 5. Nothing in this section shall prevent the insurer from calling for proof of age
at any time if he is entitled to do so, and no policy shall be deemed to be called in question merely because the terms of the policy are adjusted on subsequent proof that the age of the
life insured was incorrectly stated in the proposal.