Build your professional network on facebook via our app Go to app
 
<< Prev  35 of 35 in Topic 
Topic : life insurance
  Rate : 
Posted in Community :

Secure the future - Insurance

Industry : Insurance Functional Area : Capital Management
Activity:  5 comments  466 views  last activity : 07 06 2010 20:18:04 +0000
 Refer 10
Share
 
 
 

Cheap lif insurance services are present in the market. These insurance are present either online or offline.

But if you are really going for buying it take care of it. If there is a any kind of scenario of buying a Life insurance policy on cheap rates be aware. Because when a person go in for buying a Life insurance the purpose is mainly to protect his/her family when they are not around but in the case of cheap insurance these finances might not be of great help. They are not able to protect all the finances of the family.

Evaluate not only the price of the term life insurance policy, but the insurance company itself.

Try to find out the insurance agency's track record for paying benefits. Is the company financially sound and capable of paying out benefits? Does it pay benefits in a timely manner?

Check with the various rating services in your area to see what information each has on file for the insurance companies you're considering.

And do this before you sign on the dotted line and you will have done what you can to protect your loved ones from a lot of hassle later on.

These rating will help you in finding out the best cheap insurances.

Another consideration would be if it's cheap, and  not enough, you're shortchanging your beneficiaries.

Purchase the most you can afford If you're healthy and are purchasing term life insurance early in life, it's important to realize that the rate you'll pay is going to increase only minimally if you decide to select a larger-sized death benefit.

Its a thumb rule to purchase the maximum policy when you are well off. So, that it could be of help to you when money is in real demand.

Now if you go for cheap term life insurance, ask your agent to quote the next highest coverage amount.

One way to keep term life insurance cheap is to pay your premium annually rather than monthly. There usually will be a considerable savings when paying this way.

 Top Comment : Amitkumar Vaidya   | 01 12 2010 12:41:40 +0000
rightly said. Term insurance is only protection insurance and sum assured is payable only in case of death and hence, the obligation of insurer has to be performed in your absence and hence, the strength and profile of the insurer is to be looked into. Their claim payment performance is also of important. Term insurance is the cheapest form of the insurance and is advisable to take at younger age and for longer duration.Even single premium payment is also available.
 
TrackBack URL:
5 comments on "Tips for cheap life insurance"
  Commented by  Rashmi Chawla, Cust. Service Manager, Leading Bank    | 02 10 2010 09:51:17 +0000
Nice insight Rajani, and Amitkumar thanks for your explanation. It was good. 

Thanks for sharing :) 
  Commented by  Amitkumar Vaidya, Branch Manager/Regional Manager, LIC of India    | 01 12 2010 12:41:40 +0000
Rating : +1 
rightly said. Term insurance is only protection insurance and sum assured is payable only in case of death and hence, the obligation of insurer has to be performed in your absence and hence, the strength and profile of the insurer is to be looked into. Their claim payment performance is also of important. Term insurance is the cheapest form of the insurance and is advisable to take at younger age and for longer duration.Even single premium payment is also available.
  Commented by  varsha mishra, technical Manager(QMS), rfrac    | 10 09 2008 12:18:30 +0000
gud..1
  Commented by  Sourav Chatterjee, IT Engineer- CMC Limited-ATata Enterprise    | 07 22 2008 23:17:13 +0000
good one 
Add your comment on "Tips for cheap life insurance"

Rate:
Submit
Preferred Executive Search and Recruitment partners for Global IT and BPO organizations
  • Create a confidential Career Profile and Resume/C.V. online
  • Get advice for planning their career and for marketing of experience and skills
  • Maximize awareness of and access to the best career opportunities
Viewers also viewed
Two years back when I started earning I did not have much idea about insurances.. But now I do...
 
1772 referals 5 votes, 220 views
All the existing private sector insurance companies are into losses and the losses are...
 
69 referals 62 arguments, 2599 views
We all are Facing a huge Power Cut at our residences for a number of days, We don't find any...
 
0 referals 3 votes, 444 views
more...  
Recent Knowledge (102)
Keep sweet cravings at bay for a healthier life The festival season just ended and all of us...
 
2067 referals 14 comments, 277 views
In many ways, a manager has to be a leader, so therefore a manager will have many of the traits...
 
58 referals 24 comments, 319 views
I am not sure whether this is really happened or not, But I liked it and want to share with all...
 
63 referals 8 comments, 198 views
more...  
More From Author
I would also suggest not to mix insurance with investment. In your insurance proposal, remove the portion of the premium allotted to the term policy. Now, taking the remaining part of the payable premium, compare the promised yield in the insurance...
John, every Insurance segment will work. Just don't think that the recession is reducing your clients spending power. This is dangerous for several reasons, but the glaring reason this thinking is a mistake is you will not offer coverages and...
I guess there is very low level of consumer awareness regarding insurance, there are so much benefits that a consumer can have with insurance, but then whenever a Insurance guy approaches them they tend to say i already have insurance and i don't want...
more...