Its up to each individual family 's financial future is concerned . He wants his family with him in case of any untoward normally take living . The solution to this problem is very simple , it is enough life insurance to cover the earning member of the family .
Should not delay the purchase of term insurance , since -as is the policy of the age of the applicant , it is - it increases the premiums . As soon as such , should buy term insurance . It also noted that the premium paid monthly , quarterly or half-yearly basis rather than on an annual basis if you have it cheap .CFO of your money if the person does online buy pure term insurance , he or she will be even cheaper . Who do not have a good understanding of their needs insurance , life insurance policy through the agent it.
Despite the close watch of the insurance regulator IRDA in insurance Missseling ( giving false information to sell insurance events) that could not be controlled . The March, 2012 February , 2013 A look at the life insurance premium collection this year - to - year basis declined by nearly six per cent . The reason for this is Missseling by agents of insurance products .
Since every person's age , conditions , requirements are different from one another , the amount of life insurance that is taken , the fat is the way that the person at least 10 to 12 times the total annual income of the life insurance course should take . Another way to add annual income and annual expenditure amounting to seven times less than it should be insured .
