Published On: Sun, Apr 30th, 2017

Most Common Mistakes When Buying Insurance

Insurance mean agreement between company and policy holder which is guarantee of recompense for the specified loan, illness, damage, and death in return for amount of determine premium.

Most-Common-Mistakes-When-Buying-Insurance

In other words it provides security against risk which applies different types of situations. Main two types of insurance life insurance which covered several risks like illness, premature death, income during retirements as well and general insurance which covered the risks of home or property loss, car insurance, personal accident insurance, medical and health insurance, travel insurance.

Buying insurance but buying right insurance is not same many people buy insurance not for right purpose and without choosing a goal for the benefit. When insurance policy holders buy insurance they have done 5 common mistakes when buying insurance these mistakes are following.

Wrong priorities: many people done this mistake when buying insurance they choose wrong policy for wrong period of time and at the end of financial year. Plan must be according to need and merit.

Confusing insurance with investment: people are often discomfited to learn about their policies offers and very limited returns more important thing is that realize the purpose of insurance before buying a policy.

Choosing the cheapest policy: Another big common mistake done by the people when buy insurance policies they choose the plan with cheapest cost and amount.

Trusting the agents blindly: Agents always looking for sale in any way sometime they sell their policies with unfavorable way in other words if they are more and more honest then also you never trust blindly it is major mistake done by the people.

Not understanding the policy: It is also part of five common mistakes when buy insurance, it’s a major mistakes done by insurance policyholder they never get all terms and condition about policy which they are buying its create lot of problem when policy mature.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Special Recent Posts

Awkward Fashion Fail: woman left with her boobs hanging out of the tummy cut-out dress

Awkward Fashion Fail: woman left with her boobs hanging out of the tummy cut-out dress

A woman named Paige Gardner suffered from a savage and awkward fashion fail that resulted n her boob[...]
Norifumi ‘Kid’ Yamamoto; Japanese MMA Legend has died at age of 41

Norifumi ‘Kid’ Yamamoto; Japanese MMA Legend has died at age of 41

Norifumi ‘Kid’ Yamamoto referred to as one of the biggest legends and star of the Japanese MMA world[...]
Big Boss 12; Neha Pendse flaunts her awesome Pole Dancing talents

Big Boss 12; Neha Pendse flaunts her awesome Pole Dancing talents

Neha Pendse; the new emerging hottie of h Bollywood who made it big on TV screen by appearing in “fa[...]
Kylie Jenner says she like having big butt like her Big Sister Kim; it is her favorite body part

Kylie Jenner says she like having big butt like her Big Sister Kim; it is her favorite body part

Being a mom has not only blessed Kylie Jenner with her lovely daughter Stormi but also has allowed h[...]
According to science; living near the ocean has positive effects on brain

According to science; living near the ocean has positive effects on brain

Most of us feel a sense of rejuvenation or refreshment when walking past an ocean or standing by und[...]
According to Science women need more sleep because their brain work much harder

According to Science women need more sleep because their brain work much harder

According to Science women need more sleep According to science it is now a proven fact that wo[...]
Sorry Virat Kholi lately someone else is having attention from Anushka Sharma

Sorry Virat Kholi lately someone else is having attention from Anushka Sharma

While Virat Kholi was busy in fighting against the Brits in a long 5 match test series in England, h[...]
Vidya Balan Bollywood actress's father hospitalized after suffering from a heart attack

Vidya Balan Bollywood actress's father hospitalized after suffering from a heart attack

Father of the Bollywood actress; Vidya Balan has been hospitalized after suffering a minor heart att[...]
Worker Union demands four days working week with increased pays

Worker Union demands four days working week with increased pays

A union has petitioned and is of view that the working hours in UK should be cut down to four days a[...]
Ridiculous but strict rules that Royal Family must follow

Ridiculous but strict rules that Royal Family must follow

Royal Family Rules While being the member of British Royal Family feels like an honor but it turned[...]
David Mirra Net Worth, Death, Age, Wiki

David Mirra Net Worth, Death, Age, Wiki

Date of death: February 4, 2016 Place of death: Greenville, North Carolina, United Stat[...]
Fetty Wap Net Worth Album, Age, Height, Songs, Cars In 2018

Fetty Wap Net Worth Album, Age, Height, Songs, Cars In 2018

Fetty Wap's Net Worth in 2018 : $8 million dollars This writing is all about famous rapper Fett[...]
Neha Pendse; Former co star of Kapil Sharma is slaying with her new amazing fashion styles

Neha Pendse; Former co star of Kapil Sharma is slaying with her new amazing fashion styles

Neha Pendse Net Worth :$700,000 [updated 2018]   The recently renowned former co star of Ka[...]
Top 10 Most Powerful Politicians In The World 2018

Top 10 Most Powerful Politicians In The World 2018

Last Updated: July 30, 2018 Who are most powerful politicians in the world? As we all know senior[...]
Download Reham Khan book Free in Urdu Who is going to uncover the scandals of PTI  Imran Khan

Download Reham Khan book Free in Urdu Who is going to uncover the scandals of PTI Imran Khan

The ex-wife of the PTI leader, Imran Khan is now ready to uncover all the scandals of her husband as[...]

Recent Comments

  • Suman Maitra: This article shows how far the social/ online media publicat…
  • Sultan Star: Shame on u.......…
  • Qiko: Only a retard could defend this baseless ranking…