We should be ready for the unexpected problems we face daily. Main problem is money. What happens to the family members if the earner in the family die unexpectedly. In this situation a big help to the family is insurance policies.. Lets go through the insurance policies details…
Insurance is very important for financial strategy. But lot of people use insurance only to get redemption from tax…….
Primary target of life insurance is…. Providing financial security to the family at emergency or if the family loses its earning person. And saving money for future needs is also important. There are lot of other policies for financial support, but Life insurance is more useful.. Insurance policy gives us peace from future tensions. Insurance should be taken by these element.. Loans, properties, children education, marriages and the service left in the job. Tax redemption is extra benefit.
How to decide on the policy we take??
we shouldnt take any policy less than 10 % of our annual income. Insurance portal website also provide a facility called insurance calculators. In this facility we can check the more beneficial policy according to your financial condition.
Insurance companies and benefits…
Insurance companies change the policies and terms more frequently. There is an another option called unit policy, which give opportunity of saving and insurance. this is more beneficial than term policies. Companies also provide special policies according to children education and other needs. Online term policies are on more security with less premium. There are extra benefits in this. These are the fast changes made by insurance portals these days.
For new policy takers…..
We should check our financial things before taking a new policy. Take a estimation of future expenses and needs. Think on the negative side too. what will be the financial security if we meet with unexpected death..?? This is the main every one should think. Premium amount, policy time period, insurance amount, and other benefits should be considered before taking a policy. Take policy according to your income, So that we can pay the premium without any problem. lot of people stop paying the premiums in between which cancels the policy. You can contact financial helpers for any doubts on insurance policies.
Things to take care on online policies…..
Term policies in online are more popular these days. In these we have policies of less premiums and more benefits. Insurance portal provide subsidy on online policies than of policies through agents. This process saves some expenses to portals. They use this save money to discounts on policies. And it is easy to take polices online.
* First enter into insurance portal website, click on online insurance button.
* Enter the total amount you need as insurance.
* Enter the policy time period.
* Enter premium time period.
* Enter your personal details as asked.Then you can get your policy details.
* You need to have online banking or debit, credits cards to pay money online .
* Receive the receipt of your payment.
You can receive the conformation from the company within 3 weeks. They call you for medical test if needed. After finishing all this policy documents are mailed, and send by post.