Are you thinking of buying life insurance as a form of protection and future investment? If so, consider the following tips for choosing the right life insurance so you don't make the wrong choice, OK!
Choosing life insurance is not an easy matter and it is like you want to invest.
You need to consider many things apart from the benefits provided before deciding which life insurance to choose.
If you are still a layman, you should follow tips on choosing life insurance from experts to avoid losses.
5 Tips for Choosing the Right Life Insurance
Here are some tips for choosing the right life insurance that you can apply:
1. Pay Attention to Company Credibility
Tips for choosing life insurance , the first thing you have to do is find out as much information as possible about the targeted insurance company.
At this stage, you need to do more research and read various reviews and criticisms related to the insurance company.
Also find out the track record of the company so that we know the credibility of the company in carrying out its duties and responsibilities.
In addition to the track record, also understand the record of payment of customer claims, RBC ( Risk Base Capital ), and if necessary also find out the financial statements.
The most important factor that you should not miss is the license and legality of the company.
Make sure the insurance company is a member of AAJI (Indonesian Life Insurance Association) and registered with the OJK (Financial Services Authority) institution.
2. Choose the Right Life Insurance Product
After knowing the information regarding the insurance company in question thoroughly, then you just need to determine which type of insurance is the most appropriate.
If you don't know, there are several types of life insurance that are usually offered by every life insurance company.
Each type of insurance has different purposes and benefits.
- Whole Life Insurance
- Insurance ( Term Life Insurance )
- Dwiguna Life Insurance ( Endowment Insurance )
- Unit Link Life Insurance
Whether for protection from critical illness, the risk of disability, or even death. These tips are very important so that you can choose the right life insurance.
3. Adjust Premiums with Ability
The third tip for choosing life insurance is choosing a life insurance product that best suits your abilities.
As you know, when you buy an insurance product, you are required to pay a premium each month.
Well, the amount of this premium is greatly influenced by the insurance company and the type of insurance you choose.
If you have other dependents, such as mortgages and car payments, then you need to choose insurance that has a lower premium value.
Ideally, the budget for insurance premiums takes a portion of 10-20 percent of your total monthly income.
4. Examine the contents of the insurance policy carefully
You already know the company information, have you chosen the right insurance product, and have you received the appropriate premium cost?
Furthermore, it means that you must carefully understand each article in the insurance policy you choose.
Tips for choosing the fourth life insurance is often less noticed by many insurance buyers.
In fact, understanding the contents of an insurance policy carefully and thoroughly can make it much easier for you if anything happens in the future.
5. Understand the Benefits and Amount of Sum Insured (UP)
Tips for choosing life insurance, last but not least, is to understand well the benefits and the amount of sum insured (UP) that is your right.
You need to understand what the insurance company covers and doesn't cover.
In addition, you also need to know how much the sum assured (UP) will be obtained.
Sum Insured itself is a compensation given by the insurance company to the heirs if the insured dies during the insurance period.
6. Compare Various Life Insurance Companies
Currently, there are many providers life insurance service Well, every life insurance company certainly has different offers from each other.
To make sure you get life insurance as needed, there's nothing wrong with doing a comparison first. You can do a comparison between the best life insurance in Premium Check.
In addition to finding life insurance according to your needs, you can also get premium discounts and various other attractive promos. Come on, visit SFL Blog right now!
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Those are some tips for choosing life insurance that you can follow. Hopefully the tips above can help you choose best life insurance , OK!