Why is life insurance necessary?

Life insurance is one of the important portfolios that each and everyone must be taken by each and every person for the security of the family.

While life insurance offers a scope of choices, one plan that people must consider taking is the term plan. The principal path is to look at insurance quotes online.

How to compare life insurance quotes online?

Quote of the life insurance policy is basically taken out online. Life insurance quote can be taken out very easily.

While it is simple enough to compute insurance premium statements given the abnormal state of association, there are a few to note while calculating and looking at premiums on the web.

Life Insurance Quote

Also read: Top 10 Life Insurance Companies in India 2019

Here is a well-ordered guide on looking at life insurance sites on the web:

  • Enter the sum assured value you are searching for
  • Enter the policy term
  • Pick the premium paying term – this could be one-time, equivalent to the policy term or lower than the policy term.
  • Note down the premium sum for each insurer.

Think about the premiums, however, don’t race into anything – check with the life insurance specialist for his perspectives on why certain statements are high/low.

Why life insurance quote must be taken online?

Life insurance quote must be taken out online as it is very easy to take a quote online.

It requires very less time to get this life insurance quote online. With the help of this online life insurance quote, you can compare various premiums of different companies. Various companies offer life insurance companies.

Also read: Life Insurance For Children

Top Life Insurance Companies are as follows:

  1. Canara HSBC OBC Life Insurance
  2. Edelweiss Tokio Life Insurance
  3. Kotak Life Insurance
  4. DHFL Pramerica Life Insurance
  5. Max Life Insurance
  6. Aviva Life Insurance
  7. HDFC Life Insurance
  8. SBI Life Insurance

So the life insurance quote is basically taken to compare the life insurance premiums for companies.

Nowadays each and every life insurance company provides an online life insurance quote. So this is why online life insurance quotes are important while issuing life insurance policy.

For example:

For a non-smoker person in his 30s wants to issue life insurance policy of sum assured amount of Rs.1 crore gets life insurance premiums in life insurance quotes as follows:

Canara HSBC OBC Life Insurance- Rs.6,253

Edelweiss Tokio Life Insurance- Rs.7,676

Kotak Life Insurance- Rs.8,000

DHFL Pramerica Life Insurance- Rs.8,149

Max Life Insurance- Rs.8,378

Aviva Life Insurance- Rs. 9,262

HDFC Life Insurance- Rs.9,717

Life Insurance Quote

Also read: Difference Between Proposer vs Life Insured In Insurance

Life Insurance Quote

What are steps to get a life insurance quote?

For example:

Steps to get life insurance quote for a non-smoker 30 years of age male person for Rs. 1 crore sum assured value are as follows:

Step 1: Go to Policy Planner website.

Life Insurance Quote

Step 2: Enter into life insurance policy section of website. A page appears in this life insurance section.

Life Insurance Quote

Step 3: Select the sum assured value from drop down list. Enter birth date and term years for the premium to be paid.

Life Insurance Quote

Step 4: Fill all personal details.

Life Insurance Quote

Step 5: Quotes of different life insurance companies appear on screen.

Life Insurance Quote

Step 6: Select the term insurance company you want to choose. Then you are redirected to the website of that life insurance company.

Step 7: Make Payment and your life insurance policy is issued.

So that is why life insurance quote is very important for issuing life insurance policy.

Also read: Why Is Life Insurance Important Financial Planning?

This article was written by

Abhishek A. Kamble (Digital Marketing Executive & SEO Expert)

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