1.What
is Insurance !
Insurance
is steadily becoming a necessity in these days. Corporates and
governments also need Insurance. The question is why we need
insurance ? Before answering ,let us see what exactly Insurance is. In
simple words,Insurance is the prepayment of a small fixed amount of
money called 'premium' to shield against a bigger unpredictable
expense called 'loss or claim'. In this way, the risk is shifted from
you to the insurance company.
2. What are the
benefits of Insurance ?
The
necessity for insurance is to come out of the dangers we all run
throughout our daily lives. In one or another way our lives
are continuously in danger through illness or accident , our
assets may be in loss or caused to dammage. There
is also the risk of causing injury to individuals or damage to
their property which bears a heavy cost to us,in
these cases we are sured for compensation.In this way we need a
constant protection to wipe out the risk ,diluting
it or transporting it to some others. This is how the
Insurance comes into the picture. Today
we see ,commonly the majority of the people are overpaying for
insurance , this is due to lac of education in insurance sector.
Any type of insurance, whether it is life, auto, home, travel, or
medical insurance, presents a challenge in Getting
the best insurance policy, even its not an impossible task ; we
just need to research all possibilities.
3.Tips
for choosing insurance policy .
Before
buying insurance, analyze your needs , take your own time to
research and be sure to choose the right policy.Get
explain from insurance agent all the points in a plane and
simple language and about discount also.Ask
about the fines and penalties for lapse and charges for renewing .Get
information from different companies and compare them for price and
features. You may find a low-priced policy with better coverage.First,
there are many websites from where you can get a quote on any kind of
insurance policy you may need.Second,
you have all the data and comparisons in front of you. You can check
it in detail and really get all the information. No hiding and
misinformation on the agent's part and no surprises for you in the
future.
4. Snapshots.
Regarding
the rules, it doesn't matter whether you are buying your insurance
policies online or offline; these would always be the same. Be
patient, don't rush, ask for the discounts, don't get confused with
terminology, always compare the policies and be aware of the fines
and penalties.
Last but not least.....always remember that a knowledgeable and educated buyer is a happy buyer.
Here in Tata-AIG Life we get inspired from Life,we think ahead about expectations, which is why our insurance plans,solutions are one step ahead always. And take a fresh perspective at Life.
Last but not least.....always remember that a knowledgeable and educated buyer is a happy buyer.
Here in Tata-AIG Life we get inspired from Life,we think ahead about expectations, which is why our insurance plans,solutions are one step ahead always. And take a fresh perspective at Life.
