Buying Life Insurance Policy? Don’t Ignore These 5 Things

Jun 29, 2018 | 1 year ago | Read Time: 1 minute | By iKnowledge Team

5 things to look out for when buying Life Insurance

Getting a life cover without proper guidance and research can turn out to be disastrous in times of crisis

Rakesh had bought a life insurance policy that let him down. So, let’s look at the five things he had ignored:

  1. Investment objective
    • Don’t invest in insurance to simply save tax
    • Keep your family’s future in mind
  2. Policy type
    • Invest in life cover that suits you
  3. Insurance company
  4. Sum assured
    • Review your future needs and estimate the amount you’ll need
  1. Premium frequency
    • Ensure you aren’t paying extra premium. Remember, annual and one-time payments are usually less expensive than monthly premium
    • Choose a premium considering your future finances

Advt. no.: IA/May 2018/4026

To know about AegonLife’s life insurance products like term insurance plans and other products like health insurance , visit our home page.

Calculate premium for your Term Plan

Financial Plan How Recent RBI Repo Rate Hike Impacts Home Loan Borrowers
Goal-Based Investing Is Best Road to Financial Security
Date of Birth
Annual Income
Sum Assured
Select Cover Upto Age
Full Name
Email ID
Your Monthly Premium for Aegon Life iTerm Insurance Plan


  • Jun 29, 2018
  • |
  • Read Time: 1 minute

Section 80C, 80CCC & 80CCD Tax Deductions Explained

  • Jun 29, 2018
  • |
  • Read Time: 1 minute

Tax Structure in India, Explained