Tips to buy best life insurance policy with high returns

Is life insurance something that every breadwinner should consider? Why is life insurance important? The answer to these questions is certainly yes, life insurance is crucial for everyone who is concerned about his/her family’s financial state or want to provide financial security to loved ones after retirement. Financial planning is essential to take care of yourself and your family. 

Even when you are watching television, you will come across numerous commercials for life insurance policies. The majority of people understands the importance of life insurance and wants to purchase one; however, many people are not aware where to begin or find the policy. There is also a misconception that probably insurance can’t be affordable for them anyway. However, with various companies offering different policies, benefits, and rates, you can find most plans are affordable and suit your needs.

A life insurance policy helps cover the risk of unexpected eventualities, by securing your family in the event of your death. Furthermore, it also helps secure your retirement by providing a source of income for you in non-earning years.

If you are interested in buying a policy that will suit your needs yet you will get the maximum returns, then here are some tips for you.

A little research will help you understand the basics of the different type of policies and how to work out how much of an insurance policy cover you may need are the most important aspects of purchasing a life insurance policy. A broad range of policies is available on the market, ranging from pension plans, term, whole life, money back policies to endowment insurance and ULIPs. So, finding the right policy type with the coverage that is best suited for you is a slightly daunting task. 

With the advent of the internet, it has become very easy to buy any insurance at the comfort of your home or office. You will also get various details about different policies online. It is every easy to search various insurance companies and different types of schemes and then you can easily compare various insurance policy quotes. This comparison will help you find the plan that most suits your needs and budget; thus saving your time, money and efforts as well. 

It is also essential to understand that different factors affect your premium rates such as your age, health, and habits. Things like smoking, obesity, drinking, etc. may cause you to pay higher premium whereas healthier people need to pay lower premiums. Furthermore, starting at an early age also helps reduce your premium with maximum life cover.  

This helps you get access to some of the best policies and get high returns. All in all, with a little research and by keeping a few things in mind, you can easily find the right policy suited to you.

So, what are you waiting for? Start your search on your laptop/mobile and get ready to find the best one with high returns, now.

Buy term insurance online now in few steps!

Relax, sit back, and buy term insurance – it’s really that quick and easy!

Ever since the advent of the Internet in our country, every behaviour that we identified as ‘typically Indian’ has changed dramatically. We no longer wait in long lines at the bank. We get our groceries delivered online instead of haggling with the local grocer. We pay for taxi rides using online payment platforms. And we also buy insurance online, after getting all the information on it, also online!

Insurance and banking sectors have dramatically changed the way they do business in the country. No longer are both sectors identified with several reams of paperwork and endless rounds to get the slightest job done. Today, a large amount of autonomy has arrived in terms of customer interactivity with insurance companies. Thus, there is no need to even hire an insurance broker. Customers can select their preferred insurance provider, find out all the relevant information about a plan and proceed to purchase it online.

The best insurance providers in the country give customers the chance to buy term insurance online. You may not even require to take a medical test to complete the process. Buying term insurance online is simply as easy as clicking 1-2-3 on your laptop or mobile phone.

If you wish to buy a term plan, you can follow these steps.

Step 1: Calculate the sum assured you may need. This amount must account for all future expenses and also factor in inflation and higher living costs of the future. Write down all the future expenses that you anticipate, and multiply it by 10. The number you arrive at is the sum assured that you must seek from the plan.
Step 2: Browse for suitable plans online. Be sure to pick the most reputed insurance provider and glance through their term plans.
Step 3: Use the insurance provider’s term insurance premium calculator. To use it, you must enter the figures for sum assured, age, marital status, annual income, and tenure. The calculator then shows the premium payable figure. The premiums for term plans are quite affordable, despite the high sum assured amount.
Step 4: You can now fill out an application form. The form is quite simple to fill out and you can proceed to the next stage, i.e. paying for the plan using Netbanking or your Debit/Credit card. That’s it – you have finished buying term insurance online!