Tips before buying an Insurance

[sherylgray]

Certain tips before buying an Insurance plan. Firstly compare prices with other insurance companies and read the offer document carefully. If you have a family that needs to be Insured then go for a family plan. Do not buy a policy just on the basis of cashless facilities. Give correct details about yourself on your declaration form especially if it is a health policy.

[Wino]

Even better advice: Only insure that which you cannot provide for on your own. If you don't need it, don't buy it.

[Jimhassel]

There are many people who advice you against insurance like life insurance because the only thing you have to do is to pay the premiums every now and then. I also have come to have the same opinion because we pay for something that may happen in the future or may not altogether.

[AccountantSalary]

You may also want to investigate whether its cheaper to actually buy insurance outside of work, especially if your work offers you a cash incentive to buy outside of work.