You can protect the interests of your loved ones in your absence. Here are a few things to be kept in mind to ensure that your claim is paid to your family.
Fill up the application form yourself and ensure that you provide the correct details asked by the insurance company.
Take a cover that allows the insurance company to assess your health through medical examination. The cost of medical tests is borne by the insurance company.
Read the terms and conditions carefully. Ensure that your current health, occupation or lifestyle habits do not exclude you from getting the policy benefits.
Notify the insurance company if your health changes during the application process before the policy is issued. Also, keep your insurance company updated about your contact details.
Pay your premium on time to ensure that your policy benefits do not lapse.
Keep your nominees/beneficiaries informed about the policy, its details, and the claim process.
Keep nominee details updated in your policy. Remember you can change/add nominees at any point in time.