Normally , few months before filing I. T. Return some one
close approaches us and suggest some investment to save the tax liability . We
ask 100 questions and decides to take a policy which gives max tax benefits and
return on investment except life & future responsibilites ?
My concept of Life Insurance entirely changed after i
retired and come across an Insurance Company and attended their seminar and
classes on Insurance and its benefits. I realised mistakes
which i had done by not taking proper insurance coverage during my early ages........
This is because of lack of knowledge and ignorance about
insurance
Life Insurance Agent/ Advisor is a person who comes to you with
following specialised knowledge :
1. Assist you to
plan, Family Finance Security
2. Assist you to
plan, Children education/Marriage fund
3. Assist you to
plan, retirement
In today’s situation
more and more Insurance options available with a good coverage of Life with
additional benefits as mentioned above. One need to pay proper attention and
plan for their investment systematically.
Listen to agent/advisor and understand following aspects
carefully and take proper decision
a. Need - Understand the
financial need of family
b. Provisions – Just understand clearly provisions already
taken care
c. Understand the gap in all three areas of concerned
The above
analysis varies person to person depending upon his /her age, financial
conditions etc....
Based on above assessment, one may decide and
select proper Insurance Plan 
Prepared and compiled by: S.K.Udaiwal
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