Term insurance plan is an essential investment you should start as early as possible. However, while buying term insurance make sure you do not commit these 7 common mistakes:
- Procrastinating about the decision
- Buying insufficient cover without considering the current expenses
- Incomplete disclosure of information
- Choosing incorrect riders
- Not comparing other policies
- Opting for cheaper plans to save money
- Locking-in on a long term and inflexible plan
*Premium for 30 year old, Non Smoker Male. Policy Term: 30 years for Basic Life Cover option inclusive of Goods & Services Tax. UIN 133N058V03
Comments