How an Online Term Insurance plan can help

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How an Online Term Insurance plan can help
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• I still remember the time when I got my first
  salary in the account, I was elated with joy.
  That day, it seemed like I could buy everything I
  wanted as a college kid. Soon after this, I got
  married and thereafter started another chapter of
  my life fatherhood which was beginning of a new
  era for me. Im sure that many of you also would
  have been a part of this same journey. Theres a
  reason that I want you all to recall this life
  journey of yours for only then will you
  understand the importance of term insurance.

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• The first time I picked up my new-born baby, I
  realised how the baby weighed almost nothing but
  the responsibility of is future weighed a great
  deal on my shoulders. A plethora of emotions
  arose inside of me happiness, joy, ecstasy but
  most importantly fear.

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• The fear of not being present during his crucial
  years, fear of not being able to handle the
  responsibilities due to various unforeseen
  circumstances. Needless to say, this realization
  dawns upon each and every bread earner of a
  family.
• This is the time when we rise to the occasion and
  decide to tackle such situations with adequate
  and well-thought plans. So if you ask me, the
  best way to rid yourself of such tensions is by
  purchasing a term plan. A term plan helps your
  family maintain a healthy lifestyle and carry on
  with life even in your absence. Max Life Online
  Term Plan is one such plan which offers
  flexibility and value for money.

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• Looking at the premium amount of this term
  insurance plan, Id say its quite affordable as
  compared to endowment plans since it does not
  involve the distribution cost.

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• This data is issued by the IRDAI every year. The
  company you choose should have a very high Claim
  Settlement Ratio. Research and compare claims
  ratio as the first parameter of selection, the
  higher the better. It is never 100 as people
  tend to hide or conceal material facts like
  tobacco consumption or health situation. They do
  so to save premium costs and eventually, their
  claims are rejected. So remember to disclose all
  the right facts before taking up any type of
  insurance.

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• You should also analyse your insurance needs i.e.
  think about the kind of financial security you
  wish to give to your family. One way could be to
  insure them with a lump sum amount that will help
  them cover all the debts and at the same time
  save for a big life event like higher
  education, marriage etc. Another option is to
  provide an additional monthly income over and
  above the lump sum amount. However according to
  me, the most feasible option is a monthly income
  increasing every year at 10, to secure your
  family against inflation over and above the lump
  sum amount.

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erm-insurance-plan-can-help/