Sunday, June 8, 2008

Tips for life insurance policy

The purpose of life assurance is to relinquish a particular quantity to the claimant's family just in case of his/her death and/or incapacity.

BENEFITS OF LIFE INSURANCE:

1. provides an oversized quantity once your family wants it most.
2. Saves two hundredth tax on total premium paid.
3. provides the safest and smart returns on your investment.
4. will have loan against your policy on low interest.
If you are thinking about to have a policy, please browse this: selecting right policy itself saves lots of cash.So, initial have a glance at this.

TIPS to settle on RIGHT POLICY:

1. If you wish giant risk cowl in minimum premium, insurance policy is there for you. however you may not get the premium back, no bonus, strictly risk cowl.
2. If you wish medium giant risk cowl in an exceedingly bit higher premium, opt for ENDOWMENT POLICY, like Triple cowl. provides all premium back with around 6 June 1944 bonus.
3. Some folks say what's the employment of insurance once death. therefore for them a refund POLICY is there, that returns you the premium you paid once sure intervals and offers risk cowl conjointly.
4. for top RETURNS, there area unit currently Equity Lined Insurance policies obtainable. they furnish a come back of around 20-50% a year however the danger cowl is a smaller amount.

TIPS to save lots of THOUSANDS:

1. opt for YEARLY PREMIUM choice FOR PAYMENT as a result of YEARLY premium is a smaller amount than monthly, quarterly, or 0.5 monthly. and place a particular quantity in continual Account of your bank. you may earn 6-7% interest on that that's capable one monthly premium. this manner you may be saving minimum a thousand to ten thousand Rs. reckoning on your premium.
2. after you agent files your claim, he gets twenty fifth of the premium as commission. Therefore, some agents PAY initial 2 MONTH'S PREMIUMS. this can prevent another Minimum 1000-20000  rupees.
3. raise totally different RIDERS on your policy. they're tiny additions to your premium with high facilities like essential unwellness, accident cowl, etc.
4. As less your age is, as less the premium is. therefore if you have got not nevertheless insured, then you may be loosing an enormous quantity as a result of u ought to tak life assurance, because it is mandatory for loans, foreign travels, education, etc.
There area unit thousands of presidency and personal corporations providing insurance cowl.

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