Income proof

Income proof is typically a Form 16, an income tax return, or recent salary slips. It is required where the total premium across your policies passes a threshold the insurer sets, and wherever the cover requested is large relative to stated income.

It is requested after an application is assessed rather than at the start.

Related terms

• Income multiple cap The limit on cover relative to income, which is why insurers ask what you earn.
• Underwriting The insurer's assessment of the risk you present, which decides the terms and the price.
• Proposal form The application document. Its answers form the basis of the contract.

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