Kathmandu. Insurance is a very important thing in today’s time. Every person should buy insurance to protect his life and his family. There are many types of insurance plans like life insurance, health insurance, term life insurance. Today we are talking about term life insurance.
After the death of the insured person, the benefits of term life insurance are given to his family or his nominee. In such a situation, if you are thinking of buying term life insurance for yourself, then you must know some important things before taking insurance. So that you can buy the best term life insurance.
You should understand your needs
First of all, before buying term life insurance, you should understand your needs. You should buy this insurance plan keeping in mind how much money your family needs. Term life insurance should be purchased keeping in mind EMI, children’s education and inflation.
You should tell the insurance company everything
Many times, when taking term life insurance, people hide their bad habits from the company. Due to which it becomes very difficult to claim the insurance later. Hiding anything can lead to the claim being rejected later.
##You should understand the insurance company
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Before taking term life insurance, you should understand the past record of the insurance company well. You should also keep in mind how many years the company from which you are going to take term life insurance has been active in this field.
