Are you planning to buy a life insurance policy? Check out basic guidelines like what is life insurance? What is life insurance premium? How are premiums calculated? And tips for buying life insurance policy.

1. www.aegonreligare.com

2. What is Life Insurance?

3.  Life insurance is a backup of providing a financial
support to your family even after you pass on.
 It is a way of proving that you have a sound financial
structure.
 There are multiple life insurance plans available today.
 Opting for a good plan will protect you and your family
from unexpected situations and also help you achieve
your long term goals.

4. Categories of Life Insurance

5.  Life based insurance generally falls into two major
categories:
 Protection Plans : Structured to provide benefits in the
case of specified event. For example – Term Insurance
 Investment Plans – Structured to provide good benefit
of capital by premiums(either regular or single
premiums). For example – Whole Life Policies.

6. What is Life Insurance Premium?

7.  Life insurance premium is an amount that you pay to
the insurance company to purchase any policy.
 In return to this, the insurance company pays your
nominee certain sum of money after you pass on.
 However, in situations of unfortunate accidents, if you
become permanent disable, then the company does
the payment to you, and usually they pay this in
installments.

8. How is Life Insurance Premium
Calculated?

9.  The factors considered for calculating life insurance
premium are age, gender and health.
 Basically, a younger person has more age span so they have
longer maturity and the premium is also cheaper.
 Medical history of the family also play very important role.
Suppose the person’s family members suffer
diabetes, blood pressure or any other illness, then the
concerned person is asked for medical checkup and is put
under the category of high risk buyer. Later, the insurance
company does a complete study on his health reports and
plans with the team whether to insure the person or not.

10. Life Insurance Tips

11. Consult Your Friends
 Usually, many people believe in the power of insurance
policies and definitely your many friends must have
opted for some plan.
 Immediately consult your friends on this – Ask them
which insurance company is good to rely on, what are
the multiple benefits that will help you, how long they
have been associated with a particular policy and
company, etc.

12. Online Insurance
 Bang on! Online insurance is definitely the best track
route about multiple insurance companies.
 You can find all the relevant information about any
company, their plans, their branches, etc.
 You can compare their insurance plans, get free
quotes, speak to their agent online.

13. Take Good Care of Your Health!
 As mentioned earlier, medical records are very
important while getting insured.
 The better you are in health, the cheaper your rates
will be.
 So, quit smoking, tobacco chewing and get in shape.
 Monitor your eating habits daily. The more you are in
shape, the more you will enjoy healthy lifestyle.

14. Buy Your Life Insurance Early
 In the young age, we never get time to wonder or think
about things like insurance.
 However, this is the best time to buy a life insurance
policy for yourself.
 The younger you are, cheaper are your policies.

15. Renew Your Coverage on Time
 If someone is already using a life insurance
policy, then, make sure that you renew your coverage
periodically.
 You never know when the circumstances and
requirements of your life changes.

16. Ask About Payment Discounts
 Instead of paying your insurance premiums
monthly, check whether your company offers you
discounts for paying them annually.
 Normally, many companies do and one should grab
this opportunity.

17. Know The Different Life Insurance
Plans
 There are multiple life insurance plans available across
multiple insurance companies.
 They offer term life, whole life or universal life.
 As part of your duty, it becomes important that you do
proper inquiry on all the plans available.
 Basically, every plan is designed to cater multiple
needs and requirements. So depending on your
current need opt for the right plan.

18. Contact Details

19.  For more information on eligibility criteria and other
health benefits:
 Call 1800 209 9090
 SMS GUARANTEE to 56677
 www.aegonreligare.com
 Centers spread across 118 cities in India.

20. Thank You