How to select the best Insurance Policy?

insuremile
1 min readMar 23, 2022

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Let’s get directly into some important steps:

1. Understand your requirements:

For what you need insurance. The first step is always self-clarification. Future financial needs, your child’s education, marriage, or some other requirement must be taken into consideration.

2. Know the plan’s benefits:

There are many benefits offered by insurance companies, so a comparison is must so that you get the perfect industry trends and knowledge.

3. Deciding on the Sum assured: Choose the Sum Assured of your insurance policy, the more the sum assured, the greater the benefits.

4. Research: Find out how prompt the insurance company is in the settlement of claims for the plan.

5. Calculation: Finally calculate how much premium you have to pay, monthly, quarterly, half-yearly, or annually.

Happy Insurance! Hope you get covered in the best way.

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