IndianMoney Review How People Are Cheated By Insurance Agents
by indian money Financial advisors,Health insuranceThese
are the ways an insurance agent may cheat you. Let us go through the details in the following
sections.
1. You will be forced
to buy endowment plans
As per Indian Money Company, when you contact insurance
agents to avail an insurance
policy to protect loved ones,
many insurance
agents force you to buy an endowment plan. This is because they get a high commission on the premiums
paid on the endowment
plan. They say that the endowment
plan offers good bonuses and a high
maturity amount (survival benefits) if you survive the term of
the plan. Availing endowment
plans to protect loved ones is not a
good idea, as it comes with a low mortality cover. You must never mix insurance
with saving.
Indian money reviews
say availing term
life insurance policy is the best option to protect
loved ones in case of an unexpected demise.
2. Agents do not
inform on the free-look period
Consumers
complaints show that many insurance agents are very cunning and do not
mention the free-look period. Free-look period is a time period in which you
are allowed to return the policy, if you are unhappy with it. According to IndianMoney.com Bangalore, the free-look period is
for 15 days and starts from the day you receive policy documents. As Indianmoney agents do not talk on
free look period and simply say that once the policy is bought, it cannot be
returned.
3. Overlooking your
needs
Many
insurance agents of dubious profile concentrate only on commission, instead of considering your
financial goals and needs. It is the duty of every insurance agent to consider
financial needs and suggest a policy based on this. Most of the agents force
you to avail policies which gives them a high commission.
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Created on Dec 8th 2018 01:29. Viewed 477 times.