In a world, where people research and compare modest purchases like baby diapers, committingto a long-term financial product like insurance without sufficient research is rather foolhardy.
This is because insurance does not follow the one-size-fits-all approach. Your needs as a life assured will be very different from someone else’s. In order to meet these needs, insurance companies offer various plans with useful features and benefits. When planning to buy a policy, it is important you know your options, and compare the policies on parameters like premium payable, sum assured, tenure and riders so that you can zero-in on the policy that best matches your requirements.
Here are a few tips to evaluate the life insurance policy you might be considering:
Click here to learn more about the different types of policies and to compare features and benefits.
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Parting from a loved one is always difficult and there is no parting more difficult and grievous than the one that comes with death. However, even in such unfortunate circumstances, there are certain obligations that you need to fulfil.