10 WAYS TO
STAY FULLY
INSURED
Ascertain life insurance
requirement based on the future
value of your goals and
current liabilities.
Thumb rule is that you need a
life cover of at least 10-15 times
your annual income until you
retire your liabilities and
achieve your goals.
Take additional cover
whenever you add a big
liability such as a home loan
or an auto loan.
Do not delay buying insurance
as premium is low when
you are young.
Compare and buy
online as online plans are
cost-effective.
Choose the premium payment
term of your liking. Opt for
limited pay if you do not want to
pay until you retire.
Do not hide any relevant fact
when buying a policy.
Disclose all medical
conditions and habits.
Choose a payout option (lump
sum or staggered) based on
dependents’ requirement.
Keep revisiting your insurance
requirement every year and add
a cover if needed.
When the goals against which
you have taken insurance are
achieved, you can reduce the
cover to that extent.