Are you living a happy and prosperous life? , if yes then you should also plan for the same happiness for your future. You should think about the uncertainties present in the life and different financial products available in the market to fight with them. You could fight with these uncertainties in a better way by buying required insurance policies, as insurance policies promise you to give a certain defined return after a specified period of time.
To buy the insurance policies, you should care about the following things.
1. First of all define certain important needs, goal or target of your life. Those goals may be the education of your children, their marriage, good health of you and your family.
2. As we all know, life is very uncertain and to give certainty to your future dreams, plan to take some insurance policies. Before taking these policies you should think about the cover, tenure, surrenders rules and the risk factors attached with these policies. You could also take tax benefit if your life insurance policy covers at least 10 times of the annual premium.You could take
- Life insurance policy: It secures your family in absence of you.
- ·Health Insurance Plan to secure the expenses of hospitalization at the time of bad health of you and your family.
- Child Plan for the child’s better education.
3. Analyse the different products available in the market for the same type of insurance policy and choose the best one. Example: If you have to take a life insurance policy then gather the information of different life insurance products provided by companies such as LIC, HDFC Life, Max Life etc and choose the best one which matches your needs.
4. If the tenure of one policy ends then take another one to fulfill you future need. Policy gives a better return if its tenure is long.
5. You could also buy insurance policies online and in this way you could also take some extra benefits from the insurer.