All About Term Insurance India
Term Insurance India as a concept is relatively new to the Indian Insurance sector. The offer is different from other life insurance products in that this is a constant tenure well defined insurance plan, which is a committed insurance policy.
It does not provide any investment alternative, as the common trend has been but pays a heavy sum of money in case the nominee expires. It is easy to compare details of the various plans available before purchasing any particular term insurance plan. One can do an online search on a particular company’s website or on a generic web site (like www.dialabank.com) representing multiple insurance players. Term insurance offers an insurer insurance for a defined period of time against a nominal premium, and the customer is paid a large sum of money if he expires within the insurance period. If nothing happens to the customer, then there is no return of money, and the complete premium paid is taken by the company. The idea at first seems a bit risky but since the premium is low and the typical period is for twenty to thirty years the scheme gives peace of mind to the insurer.
Internet is an excellent place for finding the best option in insurance. Almost all the companies have their own websites with all of their policies detailed in them, but if there is still any doubt about them, it is better that you send a mail to the company for clarification. Term life insurance online can also be found on search engine searches. The schemes are then compared side by side and deductions should be made about the advantages and disadvantages of the offers. Since, the decision will impact the coming twenty years of the insurer, it is better that you go through it extensively, and if required consult a specialist so that the best can be suggested. It should also be remembered that the requirements from insurance is different for each individual, and it is not wise to follow anyone else without doing independent research.
There are many companies who need their employees to work in a hazardous environment, and so, offer company medical insurance. This is a group insurance for specified health insurance which can be caused by the effects of the operational environment. Some of the companies also add this as a perk to boost the morale. Company medical insurance can also be attached with insurance, and so keeps the employee free of any mental anxieties that their profession can cause. It is a smart tactic of some of the companies to offer such benefits, which the employee might overlook otherwise.
This is also better from both standpoints as the company deals with so many people at a time they can get a better offer for the same money or premium and, also can pressurize to settle in case of a delay in claim. So if, there is any provision of company medical insurance an employee should always go for it regardless of the weightage of the offering. If, it appears less then they can always add another one on top of it.
Disclaimer: The information provided on www.dialabank.com is collected from public sources and is believed to be accurate and genuine. This site should be used as a information provider for different product offerings of Insurance companies and the visitor should make an independent verification with the Insurance companies to verify the claims made in the policy before making any purchase. The decision to Apply and/or Purchase a policy is at the sole and complete discretion of the website visitor and Dialabank.com cannot guarantee or can be held liable for loss or damage caused by claims made by insurance companies through their agents, partners, products or services, directly or indirectly.