How many SMS messages have your received to buy life insurance products that can help you get high returns and give you a tax deduction...you know its tax-related investment season when these messages start arriving. But, do you know whether you are buying for the right reasons? Here we give you 3 tips you must always keep in mind.
Most people in India buy insurance for the wrong reason, and without an understanding of how much coverage they need. As a result they are either grossly over or under-insured. Calculate what are the financial obligations that your surviving family will have to bear in the unfortunate even that you are not around, and then adequate coverage for this amount.
Click here to know how do I calculate the right amount of coverage for myself
No one can overcome the emotional loss of a close family member. However, insurance can help you overcome the financial loss to some extent, if you buy it with your eyes open and for the right coverage.
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|information is very useful|