Are you falling short of insurance coverage?

1
Are you falling short of insurance coverage?
2

• While everything in life seems temporary, one
  thing that will certainly last long would be the
  seeds of the hard work and efforts that you sow
  today, as it will certainly lead to a secured
  life in future. The best way to do is by taking a
  good life insurance plan. Ideally, life insurance
  is purchased by paying a monthly, quarterly or
  annual premium for a defined number of years to
  receive a defined benefit as predetermined by the
  life insurance contract.

3

• When we calculate life insurance needs, our goal
  is to buy enough policy that should cover all the
  pending debts, counter the inflation costs, meet
  your children education needs and have some
  finance in hand for your family to lead a
  comfortable life incase you meet with an
  unfortunate incidences.
• However, in todays clever world many insurer
  providers try to lure their customers with no
  medical tests required or buy cheap online
  insurance etc. strategies. And, unfortunately
  many of us do fall under these traps and end up
  buying wrong insurance policy in our quest to
  secure the future without even examining our
  individual needs.
• Therefore, financial expert advice that the best
  way is to take command in your hand and calculate
  premium with the help of life insurance premium
  calculator. These calculators help you know
  exactly how much money is required based on the
  specifics of your personal situation.

4

• A life insurance premium calculator helps you
  understand what costs to expect when selecting a
  life insurance policy. But its important to
  start the search by digging in your needs and
  requirements. It is important first you learn
  about how your current lifestyle is. This helps
  you determine the rate youll pay monthly for a
  life insurance policy.
• Every individual has its own set of needs. The
  generalized thumb rules arent accurate and
  salespeople are inherently biased to sell you
  more than need just to earn their commissions.
  Therefore, these calculators help locate the
  exact figure of policy pertaining to your needs,
  income sources, family members and their
  requirements, current expenses, debt or mortgages
  and rising inflation costs.
• Some factors to be considered while using life
  insurance premium calculators The premium that
  you pay per month for insurance policy depends on
  numerous factors including whether youve
  selected a whole or term life policy.

5

• Age
• It is extremely important at what age youre
  first stepping the stone of success. A well
  planned policy at early age of around 30-35 years
  will help you reap necessary benefits for your
  family in time
• Ages of your Spouse Children
• The next would be understanding your spouse and
  children. Finance required by her to run family,
  childs education needs, matching lifestyle would
  be some of the requirements that have to be taken
  care of.
• Income Source
• Your current income source and nature of earnings
  would be next on the plan. It is advisable never
  purchase a policy beyond your income limits, else
  youll end up getting a policy lapse if youre
  unable to pay premium in time.
• Mortgage and other debts
• Check all your existing debts such as home or car
  loan then check all assets in hand. Once you
  minus the asset value from existing debt using
  life insurance premium calculator see what amount
  would then be required to clear off the debts
  else it will lead to huge financial shortage for
  your family if not covered well in the policy.

6

• The answers to these details will help you gauge
  the amount of monthly premiums you can afford to
  pay. By considering these factors, insurance
  providers can give you a decisive premium rate to
  help ensure your beneficiaries financial future.
  Thus, life insurance premium calculator helps you
  in various senses. You dont have to keep
  guessing or scratching our brains, you can buy
  exact policy coverage and you will not fall prey
  of insurance agents for believe in earning
  commission rather than understanding your
  perception.

7
Follow us on
https//www.facebook.com/bajajallianzlifeinsurance
ltd
https//plus.google.com/bajajallianz/posts
https//www.linkedin.com/company/bajaj-allianz-lif
e-insurance-co-ltd-
https//instagram.com/bajajallianzlifeinsurance
https//twitter.com/bajajallianzLIC
https//www.youtube.com/user/jiyobefikar
8
To know more about Life Insurance Premium
Calculator https//www.bajajallianz.com/Corp/li
fe-insurance/life-insurance-calculator.jsp
Thank You