If you are an earning member of your
family, and there are people who are
financially dependent on you, you need
life insurance.
But you should know or
should ask the insurer or agent to get
the most efficient and correct policy
that suits your needs and willingness to
take risk for greater return.
Accordingly, you can choose a term plan
without maturity benefit, an
endowment plan with maturity benefit,
a Unit Linked Insurance Plan with
returns based on the performance of
the funds chosen by the policyholder
or an annuity plan for periodic
payments.
Every advertisement has a tag line
“Insurance is the subject matter of
solicitation”.
What is solicitation?
“Solicitation” in insurance means
approaching a client by an insurer or an
intermediary with a view to convince
the client to purchase an insurance
policy.
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