Choosing the right insurance plan can feel confusing, but it’s easier if you follow a few steps. First, understand your needs. If you want only protection, term life insurance is the best and most affordable. If you also want to save money, go for endowment or ULIP plans.
Next, decide your budget. Don’t buy a plan with a high premium you can’t afford regularly. Choose a plan that fits your income. Also, check the policy term—how long you need coverage.
Always compare policies from different companies. Use online comparison tools to check premiums, benefits, and claim settlement ratios. A good company should have a high claim settlement rate, meaning they pay claims quickly and fairly.
Read all the terms and conditions. Know what is covered and what is not. Also, ask about surrender options, bonuses, and how you can make claims.
With some research and planning, you can choose the best insurance to protect your family and your future.
