Please fill the form to compare quotes from various insurance companies
As with most things in life, doing some research on, and learning about life insurance before investing in one, helps in choosing the right kind of Policy that fits individual needs. Since insurance policies are long Term and involve regular payment, it is imperative that you compare different types of policies before zeroing on one.
My approach to comparing life insurance will be based on the following factors:
I would choose a policy that provides a cover that amounts to at least ten times my annual income so that my family’s future is secure. And it is not just my annual income but also my liabilities like home loan, car loan and so on, which need to be considered. Then, there are major expenses like children’s education, marriage, health condition and other needs as well. To me, it is important to insure and also secure returns from savings and investments.
The insurance company’s credibility, their customer service capability, details of the policy that are on offer, track record in settling a Claim (claim settlement ratio) and their network support are important factors to consider. I will research websites that help me compare life insurance based on my requirements. I would also check stability of the fund performance in case I choose to buy unit linked insurance plan.
What does my policy mean to me in terms of its duration, Premium payments, Maturity date, tax benefits etc? Are there other benefits that I could avail?
Insurance or investments need to be informed decisions to yield optimum returns.