Insurance mis-selling can trap you! Follow these tips to ensure the right plan. Check coverage exclusions & inclusions
4 months, 1 week ago

Insurance mis-selling can trap you! Follow these tips to ensure the right plan. Check coverage exclusions & inclusions

Live Mint  

At a recent event in Mumbai, Union Finance Minister Nirmala Sitharaman flagged mis-selling of financial products, particularly related to insurance. "Term insurance becomes increasingly crucial for high-income earners whose monthly income is more than ₹1 lakh as their financial liabilities and lifestyle expectations are usually greater. Factor in the uncertainties Another factor worth considering is that loans and other liabilities should be factored in while ascertaining the ideal term insurance cover. Many insurers now offer cover up to ₹20 crores in term insurance plans,” says Garg. This can help them find the right plan that fits their needs,” says Siddharth Singhal, Head of Health Insurance, Policybazaar.

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