We provide here below the do’s and don’ts which need to be considered before buying the life insurance.
Don’t
- Life insurance is a waste of money.
- Life insurance is taken to save taxes.
- There is no need for life insurance in case of very young people.
- Life and medical insurance is provided by employers, so we need no life insurance.
- Unit linked plans for a limited period seem attractive
- Buying a policy in the name of a minor child is best
- Pleasing your friends/relatives/associates is very important.
Do
- Seek qualified financial advisor advise who is not looking for compensation by selling you insurance policy.
- Protect your family for atleast 50 times of your monthly income
- Medical insurance always come handy
Do check out the best health insurance and also consider Cheap health insurance as at times cheap is also good as it serves your needs and requirements.