subject: Affordable Life Insurance [print this page] Affordable life insurance plans are available in market now, thanks to entry of multinational companies and private sectors. In face in India we never had problem on this issue; we always had good affordable life insurance plans available and offered by LIC of India, a company well knows in India.
Yes this is true that after we have more options we have to compare different insurance plans before taking or selecting an affordable life insurance plan. We need to look for insurance companies, how long they are offering these insurance plans, how fast they settle claims?, what is ratio of claim settlement?, which insurance company is offering best plan?, is there an option to stop in between?
Actually all starts from individual requirements, first we need to calculate what is value of person you can check that here http://insuremegenie.com/Calculator/Calci_HLV.aspx
After you have some information on that, you need to compare different available plans here http://www.insuremegenie.com/
You can even apply online on insuremegenie.com
Lets talk about affordability of a plan, even though it is based on individual income you need to check the premium you will have to pay, what is best plan and what is best premium option available for you; monthly, once in three month, half yearly, yearly or onetime payment.
What is your net worth, and that net worth need to be maintained in case you are no more. Your income should continue even after you are not earning! Looks strange? Not to me, I will have that! I have planned for that and you should do as well.
Best way to secure your life; get an affordable life insurance plan today. Today because you do not know what is in store for you tomorrow. So take my advice go to insuremegenie.com and apply online. Select best affordable life insurance plan and go for it.
Concept of insurance is well known and used by Indians from very old time; we want to be more secure in our life. This is a human nature of being safe, we want to keep a tab on future.
Some of the best companies in India offering affordable life insurance plans are LIC of India, Max New York Life, ICICI Lombard, National Insurance Company, United India Insurance, New India Assurance, Apollo Munich Health Insurance, HDFC Standard Life, Reliance General Insurance and General Insurance Corporation.
In India insurance regulated by Insurance Regulatory and Development Authority (IRDA) this is a government body to regulate insurance.
Recently, the IRDA imposed penalties on Max New York Life, ICICI Lombard, National Insurance Company, United India Insurance, New India Assurance, Apollo Munich Health Insurance, HDFC Standard Life, Reliance General Insurance and General Insurance Corporation, Finance Minister Pranab Mukherjee informed the Rajya Sabha.
Insurance Regulatory and Development Authority (IRDA) imposed penalty on LIC, HDFC Standard Life and Apollo Munich Health for non-achievement of social and rural targets while GIC was short of investment in central government securities, he said.
"The Authority carries out regular inspections of insurers to monitor compliance of the guidelines of IRDA," Mukherjee said.
This makes it a compulsory for you to check before you invest and you can do that at http://www.insuremegenie.com/
For more information on Affordable life insurance you can visit our website http://www.insuremegenie.com
by: vivek
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