Insurance Coverage Should More than Ten times Of Earnings

Traditional insurance policies in India is a good sign of the growing trust . Special correspondent in conversation with experts

show that at least ten times your annual income should the insurance coverage .
- How much insurance coverage should a common man , is the direct method of assessment ?
Insurance coverage varies according to each individual 's needs . The age , income , and many other conditions also varies accordingly . But is largely a rule whose advice we give our clients . Annual income of at least ten times the amount of insurance coverage should be . For example, if a person's monthly income is Rs 25 lakh to Rs increased its annual income in this manner .
So this person minimum required to obtain insurance cover of Rs 30 lakh .
- But for those who earn Rs 25 to Rs 30 lakh will not have coverage premiums ?
If the right age and the right insurance policy premiums would not be too much . The terms are the best term insurance policy . They make less mess and they have a very low premium . Aegon Religare Life Insurance Company Term insurance policy offers customers online .
- Many customers believe that term insurance policy is a waste of money because it does not get any return ?
This is wrong thinking . Must recognize that customers are not buying insurance for the returns but not their dependents living at their family and not have to face the financial crisis . Also there is no policy only a few thousand crore rupees insurance coverage can provide . The good thing about term policy is changing the mindset of people in India . In 2009 our company had launched online term policy . The situation today is that it is the policy of our best selling policies .
- Among customers wrongly sold insurance policies do not , what does your company do to prevent it ?
The insurance policy at every level we have inquiries from customers . When agents send information about customers , so we ask that you first call the customer what he knows about the said insurance policy . If the customer has expressed ignorance about the full details of our return policy representative . Or client tells him some information that was not our representative to confirm the policy . Moreover , even after the policy as a sampling of a few selected customers to make inquiries . The result of our efforts to sell the insurance policy on the basis of misinformation complaints has declined sharply in our company .
- Many life insurance companies have recently launched guaranteed insurance policy . Who is buying them ?
Guaranteed returns and faster to market insurance policies in India
Growing. Our company also recently named Aegon Religare Guaranteed Growth Plan Insurance has launched such a policy . We are marketing , especially among the middle class . The return on the equity market will not like the insurance policy but ask her more than anything, increases the returns to ensure . In January, four in 2014, our company - will launch five new insurance product . Irda 's new rules will these policies . According to the new rules, we will launch a ULIP product .