A smart consumer will always exercise one of their very important rights as a consumer – comparing the various products available before buying any product or engaging in any service.
It is fair and wise to do comparison shopping for an insurance policy. There are bound to be differences in different policy plans, be they from the same company or from different companies. Each policy has its own good points & weak points. There is no one policy that can be the best of all. The most important consideration should be which plan serves your own personal purposes.
What are you looking for in term of protection?
The choices depend on the type of benefits you plan for:
1. death and disability
2. accidental death and total permanent disability
3. critical illness
4. medical & hospitalization
5. personal accident
6. repayment of the outstanding loans to financial institutions in the event of the untimely death, disability or critical illness
7. waiver of premium in the event of misfortune
8. investment in a fund managed by the life insurance company
Go through the checklist. Choose which items suit your needs. Talk to your insurance agents. Ask for quotations. Make a decision, the soonest the better so that you are protected right away!
The choice is yours.
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