Determine your financial goals

Each life stage is different and your priorities change from time-to-time. It’s important to understand your short-term and long-terms goals and the time that you would take to achieve them. This in turn would help you understand the amount of cover you need to insure yourself with.

Choose the right plan

There are several unit linked and traditional plans with very specific needs available in the market. Each plan fulfills a different aspect of your life. It is important to choose a plan that suits the life stage you are at and will benefit you in the long-run.

Decide the amount of coverage

The most critical step in buying insurance is calculating the amount of coverage you require. You should avoid the mistake of under-insuring yourself as it will not serve the idea behind investing in an investment plan. As you grow older and your lifestyle requirements evolve, it would be wiser to protect and safeguard your family by getting adequate life cover.