A husband and wife are supposed to share everything. Why not a life insurance policy?
Especially if sharing can lead to lower costs and better benefits, it becomes even more necessary to take such wise decisions. To help a couple save some costs without hurting their risk coverage, few life insurance companies have launched joint life term plans.
The decision to buy term plans is one of the smartest ones you can ever take. But how do we go about it? Where to buy it from and what kind of a process is to be followed? suggests that the best way is to choose right online term insurance policy in India because they offer lower possible premiums without compromising on the value of sum assured or other services associated with an insurance product.
Insurance providers promote and advertise their term plans more than any other insurance product. Considering the insurance-awareness and increased smartness factor among consumers, insurers have caught the idea that the cheap term plan would be the preferred choice of many. On the other side, consumers are getting influenced by these advertisements and looking for the information whether they should opt for term plan or not.
Online term insurance is the best form of insurance policy that offers protection to will let you take care of your family when it they faces financial hardships in your absence. Although, these plans are not considered as an investment avenue but the level of financial security they offer keeps your finances intact as well and lets you protect your family well. These are straightforward policies that do no provide any benefits upon maturity to the policyholder.
The other day my colleagues were discussing about some life insurance plans in the office. I heard they were saying something about term insurance. I also became curious in their discussion and searched online what these plans are about. I found them good; the whole idea behind a term plan is to have a back up financial reserve to ensure your family does not suffer monetarily when term insurance policy plan holder’s income stops due to his death.
Term insurance policy is one of the insurance policies that provides protection cover to the beneficiaries of the insured person’s family.
This article is for those who are looking to compare online term insurance India, and have already decided their needs. If you aren’t clear what your protection needs are, we suggest you go through this note first. If you are sure about the type of insurance you need, you are all set to go to the next step – pick up the product and choose the company. Here’re some quick tips on how to do that.
Offline term insurance
All insurance companies offer term plans though very few market these low-cost offerings. Agents too are not very keen to sell you these low-cost plans. The buyer will have to do the research, approach an agent and then convince him to sell the plan.
How good is it: A good option for individuals looking for a high life insurance cover at low cost but don't have access to the Net.
Online term plan
Term insurance is an essential ideal part of your investment portfolio especially for the middle-class section of the society. A Term plan in your investment kitty ensures maximum financial blanket to your family in case anything unfortunate happens to you. The best time to buy a cover plan term insurance would be when you’re young. It’s the protection you and your family need to survive the many ups and downs of life.
Mr.Subrat Mohanty, Head of Marketing & Sales Quality IB
Has your life insurance consultant ever told you about how much life insurance you need to secure your family’s standard of living (SOL)? Were you worried when you heard that your neighbor had to settle for lesser return on his Unit Linked Insurance Plan (ULIP) for surrendering early? It is your responsibility to ask the consultant as many questions until you actually understand the pros and cons of investing in life insurance, otherwise the risks could trip you.
