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Life Insurance - Training in Chandigarh
14-Sep-2012

This is because the premium for insurance at his age will be very high and taking on the expense of insurance when it is not required will be a waste of money. If insurance is required, he should look for the one with the lowest cost. This will typically be a term insurance. Sheshadri is likely to get better terms if he renews his existing policy instead of looking for a new one. He must also periodically review his insurance needs to ensure that he incurs the expense only for as long as and to the extent that his earnings are an essential part of his household income.

This is because the premium for insurance at his age will be very high and taking on the expense of insurance when it is not required will be a waste of money. If insurance is required, he should look for the one with the lowest cost. This will typically be a term insurance. Sheshadri is likely to get better terms if he renews his existing policy instead of looking for a new one. He must also periodically review his insurance needs to ensure that he incurs the expense only for as long as and to the extent that his earnings are an essential part of his household income.

Source : Santosh back