While buying the right insurance policy is important, it is equally essential to buy an adequate risk cover.
If you are considering to become an insurance agent as a career option then here are certain things you must be aware of
Guaranteed insurance plans offer you assured benefits at the time of buying the policy, which remains the same throughout the tenure of the policy.
Riders allow a degree of flexibility to top up or reduce the cover by judiciously choosing the sum assured, the entry point and the policy terms.
Here is a primer on how GST is calculated on the premium of your insurance policy.
There are three insurance coverages that you can avail of at a very nominal cost or absolutely free.
Here are a few things you should keep in mind before choosing a rider or a standalone policy.
A pure term plan levies 18% GST across all premiums whereas TROP GST is 4.5% annually and 2.25% thereafter.
Before buying a rider, always check the premium difference and the coverage offered compared with a standalone policy.
People are more concerned with the profits an insurance product can generate than with the amount of protection it provides and at what cost