Below are 10 resolutions for those who are planning to buy online insurance policies:
• Investment for Financial Support
If family has the sole breadwinner, then it is essential to buy online life insurance because it takes care of policyholder’s family in his or her absence. This product is designed to generate future income source.
• Invest to Increase Wealth
Unit linked insurance plans are good for people who want to reap the advantage of a potential upside in the equity market. Policies come under this segment provide two-fold benefits of market-linked returns and term coverage for insured’s family. It is advisable to buy online ULIP plans because it is cost efficient.
• Review Insurance Portfolio
After investment, take hold of your fund and review how it is losing or growing out. Unit linked insurance policyholders get flexibility to invest in a fund or multiple funds depend on their risk appetite. Also, insured can switch funds based on his or her market knowledge.
• Health is Important
Online health insurance is important for all because you don’t know when you or your loved ones will require medical care. With health insurance, policyholders can prepare themselves for the worst.
• Buy Term Insurance to Plan Your Life
Majority of people prefer to opt for online term insurance because it offers life cover even after the maturity benefit has been given and leave a lump sum amount for policyholder’s family after insured’s demise.
• Plan Your Retirement with Pension Plans
Most people have tendency to put off savings for retirement, but they don’t really know how much to save for retirement. Start savings and begin a rough estimate. Retirement plans are available with annuity to make sure insured don’t outlive their savings.
• Upgrade Your Policy
Be sure that insurance coverage fulfills the changing demands of your life. Important life events impact your finances and hence, it should be shown in your policies. Therefore, review your plans regularly.