What must an applicant present during the application process for insurance?

An applicant must present specific information at the time of the application to initiate the process for obtaining insurance. This requirement ensures that the insurer has all necessary information to evaluate the application accurately and make informed decisions regarding the underwriting process. Presenting this information at the time of application streamlines the process and helps avoid delays that can occur if documentation is requested after the initial submission.

In the context of the other options, while proof of income, identification details, and bank statements may be relevant or even necessary pieces of information to provide during the application process, they are not universally required for every type of insurance application. However, the act of submitting information "at the time of application" is a fundamental step that applies across various insurance situations. Thus, this choice encompasses a broader requirement that is critical for initiating the application process effectively.