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Points to Remember when Choosing Life Insurance Plans

If you are planning to take life insurance cover then there are some points you need to keep in your mind. In this presentation, you will find all those points.

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Points to Remember when Choosing Life Insurance Plans

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  1. Points to Remember when Choosing Life Insurance Policy Bima Deals http://www.bimadeals.com

  2. What is Life Insurance Policy Life insurance plan or policy is a product which gives you a cover in case anything happen to you. Under this contract the customer pays certain amount to an Insurance company which is called premium and Insurance company promises to a certain amount if a customer die within a specified period. http://www.bimadeals.com

  3. What do you need to know before you buy a Life Insurance Policy: The exact premium for the sum assured. What are the charges that are charged to buy a policy? Comparison of premium among companies The claim settlement ratio of the company. http://www.bimadeals.com

  4. Once you have basic info on what you need: Compare different life Insurance companies. Compare there Premium, allocation charges and other cost. Check fund charges, switching charges etc. Do check last few years returns of plans and companies. Also do check with them what is there claim settlement process. http://www.bimadeals.com

  5. Other Points That One Should Remember: Most life insurance companies come with 15-45 days cancellation process with full refund so even after purchase you don’t think it’s good for you , you can get your policy cancelled and get a full refund. Do share your medical history at the start of the policy so that if required your claims have no issue. It is better to take Life Insurance plan after medical test as in those cases, the cases are rarely rejected. To be continued http://www.bimadeals.com

  6. V.Do not take Life insurance policy as pure investment plan but see as a protection plan with returns. VI. Do not buy life insurance before from the local pan wale but ensure you take it from a certified professional. VII. Life insurance can be bought online in India but mostly people buy only term plans online where as all other products are sold offline via agents, Bank Managers etc VIII. Premium Payment dates should be according to your convenience as at times you will miss them if you don’t have buffer cash. Don’t buy life Insurance to save tax or investment but buy for cover and some goals which are 10-15 years next in line. http://www.bimadeals.com

  7. Thanks for visiting. For more info about Life Insurance, please visit the here; http://www.bimadeals.com/life-insurance-india.php http://www.bimadeals.com

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