Compare Term Plans, Buy the Best

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Term Plans
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Compare Term Plans, Buy the Best
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• You are working so hard to meet the needs and
  desires of your family. You have high hopes for
  their future. All your efforts are sincerely
  driven so that they lead a good life and occupy
  respectable positions in the family. But as we
  all know about the uncertainty of life in this
  mortal world, things don't seem that bright once
  we are not there with them. They would miss our
  care, our guidance and of course the money that
  we bring in to sustain them. There comes the role
  of life insurance, specifically term insurance.
  Term plans are designed with the intension to
  replace your income and make your loss to your
  family easier to some extent. A fixed sum is
  agreed to be paid by the insurer at the
  commencement of the plan, which is in fact a
  considerable amount of money and proportionately
  very huge compared to the premium paid.
• Why compare term plans? This question is very
  important. The answer is not just difference in
  premium or different claim settlement ratios of
  companies. But different companies provide
  various other features that add to the basic term
  plan.

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• Be it monthly income or extra coverage for some
  critical diseases, some companies hire a
  specialist team to provide claim assistance to
  the nominee etc. Thus, when purchasing a term
  plan one must be aware of the different features
  or riders (added benefits) provided by the
  insurer. Each person has a different type of
  requirement. Thus, one must be clear which
  company provides those features in their term
  plans that suit their requirements best. Thus,
  comparing term plans before just buying is a wise
  thing to do and all experts recommend it.
• Now another question comes, how to compare? This
  is a very relevant question because nowadays you
  find insurance companies in every nook and
  corner. So, you don't get the right information.
  We cannot expect you to study websites of all the
  insurance companies and chart out the best plan
  for yourself.
• That problem is now addressed to a great extent
  by the rising capacity these insurance web
  aggregators are assuming in the insurance space.
  They intend to provide unbiased comparison in a
  very consumer friendly way.

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• Thus, it is a good initiative taken by IRDA to
  promote Insurance Web Aggregators that provide
  healthy comparison in the best interest of the
  consumer.
• Akanksha is expert in insurance sector. She has
  10 year experience in insurance as well as
  investment field. Currently she is working with a
  reputed company and shares her experience through
  the blog and article. And she is very helping
  nature, so you can ask /put the questions
  regarding insurance and investment. She will
  definitely provide solution of all questions
  regarding compare term plans or investment.
• http//bit.ly/2d1MImI

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