What must be provided along with Reinstatement of an insurance policy?

When reinstating an insurance policy, proof of insurability is a critical requirement. This is necessary because the insurer needs to assess the current health status and risks of the insured individual since a significant time may have passed since the policy lapsed. The insured may have experienced changes in their health that could affect the terms of coverage.

Providing proof of insurability, typically involving a medical questionnaire or sometimes a medical examination, ensures that the insurer can make an informed decision on whether to reinstate the policy based on the current risk profile. This process helps protect the insurer from underwriting risks associated with unexpected changes in the insured's health, which may have occurred after the policy was initially taken out.

The other options do not fulfill the requirements for reinstatement. Simply paying back premiums is not sufficient, as it does not consider any changes in the insured's condition or risk. Additionally, a letter from the insured's doctor may provide context but is not a standard requirement for reinstatement. Therefore, the necessity of proof of insurability is a fundamental condition for ensuring that insurance coverage remains equitable and justifiable.