Once the insurance company has accepted the proposal and the premium has been paid, it will issue a policy as evidence of the contract. All life insurance companies' policies are of the same style.

  1. A heading which contains the name of the insurance company and the address of its head office.
  2. A preamble-this states the parties to the contract and that the proposal form and the declaration constitute part of the contract.
  3. The 'operative clause' provides that the sum assured stated in the schedule of the policy will be paid on proof of:
    1. The happening of the assured event.
    2. The legal title of the claimant(s) to the policy monies.
    3. The life assured's date of birth.


  4. The "Schedule" shows:
    1. The date of the proposal.
    2. The name and address of the person being insured.
    3. The name and address of the person to whom the policy is issued normally the person being issued).
    4. Date of birth and whether a birth certificate has been shown to the insurance company.
    5. The amount of the sum assured and when it becomes payable.
    6. The premium and when it is due.
    7. Under which law e.g. England and Wales, Scotland or Northern Ireland the policy will be held.
    8. Special provisions.
  5. A senior official of the insurance company will sign the policy.