At the time of buying the insurance, the following points should be considered –
• Decide what you need = You need to define your needs, like Family protection, Child’s education or Retirement and accordingly buy the insurance that will help you meet your future requirement.
• Background check = Do the complete check on the company’s background to know its reputation and claim settlement record.
• Understand the policy = Once you have zeroed in on the policy based on your need, you should clearly understand features of the policy, mainly related to maturity date, policy term, etc.