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.
"An investment in knowledge pays the best interest"- Benjamin Franklin -
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Do you have a valuable possession you always wanted to insure but weren’t sure if it was possible to do so? After reading about these 5 strange insurances being availed in India, you’ll have your answer.
All insurance policies are available to everyone (subject to underwriting decisions). There are no special policies, so if you’re being told you’re being given preference, don’t take it at its face value.
Life insurance is another such thing, and the right time to learn about it- any time between when you start earning money to when you’re forced to stop.
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.
Though working on filing an insurance claim after the death of a loved one is always hard, you must try and look at the bigger picture, which is that they wanted to make sure you are well taken care of.