Articles

Things to consider for Individual accident insurance

by Samuel Charles SEO

Individual accident insurance is a product that the insurance companies offer ,which promises compensation for loss life in an accident in return for payment for a specified period. In accident insurance, the nominee whose name has been mentioned in the contract receives the amount from the insurance company in case of happening of the event.

In this article we will see points to consider while taking an insurance plan:

·         Research- as a seeker of insurance plan, there are numerous policy options online that you can choose from. It is best that you research on your own before making a decision on purchasing a policy. This helps you to save lots of money and get higher benefits.

·         Remember Free Look period- there are cases when peoples buy policies without making an informed decision and later they are not satisfied by that policy. For this, insurance companies offer free look period which is normally 15 days where the customer can return the policy to the company and choose another.

·         Terms and conditions- it is essential to read the terms and conditions of an insurance plan. It contains all relevant information about the policy. Make sure you read each and every detail and only after a thorough understanding, go for a purchase.

·         Look out the payment options- almost all insurance companies provide premium options such as monthly, quarterly, semi-annual, and annual basis. It is a good practice to opt for online payment options so you can make your payments easily. Also, you can set a reminder that reminds you for making payments.

·         Don’t hide information- many times people hide information when they are filling out their credentials. All personal details and medical records should be openly presented to the company. Any incorrect information may lead to serious issues at the time of  making a  claim.

These are some points to remember while choosing an insurance policy.


Sponsor Ads


About Samuel Charles Freshman   SEO

2 connections, 0 recommendations, 38 honor points.
Joined APSense since, July 25th, 2019, From Mumbai, India.

Created on Jul 25th 2019 15:04. Viewed 487 times.

Comments

No comment, be the first to comment.
Please sign in before you comment.