Life Insurance is a long time contract with the Life Insurance Company. Some times you may not be able to pay premium, get survival benefit under Money Back Plans at every 5 years.
These On-line payments are also not safe.
Whenever any problem arises from online payments or cheque bounce, there are many chances of lapsation. You require a performing Agent to help you during these times.
Life Insurance is a very important in everyone's life. Salaried or self employed, insurance is a must.
First job or increment from current job, immediately think of savings. Many people invest in luxury things such as Cars, Mobile phones and other things and fail to insurance their lives. Insure when you start earning. Life Insurance charges would be less and returns would be more if you start at younger age.
Consult an experienced Insurance Agent and read documents carefully. Never go for cheap premiums of fascinating words. visit IRDA website and see the claim settlements and compare before signing the documents.
Once registered, plans cannot changed after cooling off period which is normally 15 days.
Many times Life Insurance policies lapses due to non-payment of premiums on time. In cities, Customers mainly depend on their Insurance Agents to collect and pay the premium.Insure yourself with best Insurance Company, best performing Insurance Agent and save yourself from future problems.