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.
"The question isn’t who is going to let me; it’s who is going to stop me"- Ayn Rand -
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