buy a good and best life insurance

 Today our topic life insurance. How to buy a good and best life insurance by some research of me.

               Why insurance is very important in our life mean.

  For example....
                 
                'x' is a person him/her income per year is 10 lakh or maybe 20 lakh by that him/her family depent in there income only in case that person die him/ her pass out is very difficult to there family it affect them in personally and financially so, for this life insurance is used for some financially help.
                Important points of life insurance is term insurance.

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  TERM INSURANCE

                    Fixed rate of payments for a limited peroid of time.
                    That mean we insure for 60 years or 70 years limit of age mean term life insurance.

Who need life insurance

•                       In your family , you are the important person for income whole family upon you mean you want to take insurance.
•                      Who has more responsibility we want to takecare of our parents are we have children's to takecare .that type of person definity take life insurance .
•                      your are your family has many loan. They also think about it.
•                       And you and your family not have any land or any income only your income only. You also think about it .and you most get insurance.

RIGHT TIME TO TAKE INSURANCE

                       How young we are get insure in that time because,

                 _ premium will be low early we start. Monthly premium low.
                 _ we start at 25 year and how long the insurance the premium will be same from the starting to end.
                 _ The premium amount not increase it's an advantage.

CHECH INSURANCE COVER AMOUNT

                 Insurance cover amount it your income yearly 5 lakh to 10 lakh mean's our cover amount 10 to 20 times will be use  to your family aproximatly, 10 time to 25 times will be available in companys.
                 Many of them now get up to 1 crore of insurance. Because, our future will be in that way. So, they getting that you that insurance by your income bade it will help in later use.

Difference between termplan Endowment plan

    TERMPLAN ...
                            Termplan our yearly amount 4000. After maturity time we don't get any money.

    ENDOWNMENT PLAN...
                             In Endownment plan yearly amount 25,000. In this we get money bones also.

                     By this don't take any decision. I have to say many things to wait. From this termplan give money of important time. They also  give that time. But ,it only insurance not investment So, if you ready to pay 25,000 early means.
                   Pay your term plan and remaining you invest in stock it will also help you financially .  By this your insurate will help in difficult time and investment for your retaid times.

                            Ok, you giving money to insurance company whay they do ,they have  invest in market and they get profit. By that profite you get only 1%  of point same thing only.
                        Remaining you invest in stock or buy some land or gold or invest in mutualfund also. It also help in later use.
                        Insurance will included in tax benifit so, in payimg Tax it deductions on section 80c.

CLAIM  SETTLEMENT  RATIO
                      
                   It mean how many of them claim money if the 100 people paid they reject two of them of some reason. They paided money for remaining 98 people . So, overall percentage will be 98% it is called claim settlement. When we search company we want to see claim settle ratio also.

AMOUNT SETTLEMENT RATIO

                      That mean now 100 people want their settlement. They give 90 people money and reject remaining 10 people by that we can found company which give settlement right.
                     
IRDA...
          If you want to see these type of ratio go to IRDA. This is a organization for all the insurance controlling maintain by india. So, wd can use this organization.

CLAIM REJECTION RATIO

                  Which company has very low CRR only use that type of insurance or company,

Best Insurance Company in My Research
                        _ LIC
                        _ HDFC life insurance
                        _ TATA ATA
                
               They ars well known brand they give money correct. So, we can use them.
        
SOME OF THE ADD AND INFORMATION

                _ if you want somd add in insurance plan that mean critical illness.disability are also add. So, read and ask yoh agent clearly.
                _ Don' t give any wrong information. It will affect at claim time. So, give all yhe information correct.
                 _ If you add some thing in insurance plan your monthly premium increase only. So. Use them and ask them.
                 _ Don't take any decision quickely take so, time and research and take.
                 _ Take insurance in ontime. Because, it has many option and many information also. Thay all known by you. So, it help to take right one in clear mind.
                 _This are basied on my only research when you like it, and you thing it useful please share,
                 If you take any insurance please share some experience in comment.