Few years back there was only one Life Insurance company and few general insurance companies. Today there are more than 14 Life Insurance companies operating in India and few more are about to come. Though the purpose of Insurance remains the same, every Insurance company has something different to offer. It is very difficult to compare Policies from all the Insurance companies. It is relatively easy to get quotes from at least three Insurance companies and compare there products.
The following considerations should be kept in mind before choosing a Insurance Company.
The background of the promoters and its joint venture partners.
Number of years into Insurance.
How good is the company in claim settlement.
Service and friendly work force.
Use of technology.
Benefits of getting quote’s from different companies.
You can choose the best suited product according to your own needs.
Chances are that you get the best pricing for the product you choose which can bring down your cost.
By comparing offers from different companies you insure that you have not bought a inferior product from the market place.
You get a clear idea of past performance such as bonus declared or returns given in case of Unit Linked Plans (ULIP's).
Compare and Save Money..
ULIP's Comparison Guide..
How Much Life Insurance?..
Avoid Mixing Insurance with..
Saving Tax - Life Insurance..
Child Insurance and You..
Questions To Ask Your Advisor
more articles...
Insurance Industry in India
Compare before you buy
Read the Policy wordings
Check your Application form
Why Insurance
Life Insurance Policies
Term Insurance
Money Back Policy
Endowment Policy
Whole Life Policy
Unit linked Policy
Child Insurance Plans
Retirement Insurance Plan
Life Insurance Analysis
Stage I - Young Professional
Stage II - Newly Married
Stage III - Proud Parents
Stage IV - Post Retirement
Life Insurance Riders
Health Insurance
Auto/Car Insurance
Travel Insurance
Home Insurance
