Choose your insurance plan right
Posted on: 07/Aug/2014 9:46:23 AM
Problem of mis-selling of insurance policies is on the rise and the insurance sector is put in trouble in the recent days. There is an alert from the Insurance Regulatory and Development Authority to start advertising that the regulators doesn’t announce any sort of bonuses.
It is necessary for potential customers to do the necessary homework before buying a new policy. Care should be taken to choose the right one. A set of questions need to be prepared right at the beginning. Here are some of the questions for instance:
- Why is it necessary for me to buy the policy?
- What is the tenure of the policy?
- What is the claim settlement ratio of the insurance company?
By enquiring details like above, you will come to know about the sales pitch, whether a policy is suited for your needs, total number of claims settled by the insurance company, and many more.
