10 Points To Keep In Mind, When Purchasing Life Insurance : By: Vishal Subharwal, Chief Marketing Officer And Group Head – Strategy, Distribution Planning, E-Commerce, HDFC Life
- Know your Human Life Value (HLV) and purchase life insurance cover accordingly
- Choose products based on your life stage, risk appetite and life goals
- Decide the policy term and premium amount based on your goals
- The cheapest plan may not be the most suitable one for you
- Read the policy features carefully and also the terms and conditions
- Purchase add-on riders that offer relevant benefits and risk cover
- Fill your application form with correct information and make full disclosures
- Ensure you have a nominee assigned to your policy and they are aware of the same
- Save the policies electronically in an e-insurance account (eIA)
- Insurance policies come with a 30-day freelook offer which is a unique proposition
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