Best Whole life Insurance Policy in India

1. What is the guaranteed and non-guaranteed component of returns?

• Inquire about the guaranteed returns provided by the policy and any non-guaranteed components, such as bonuses or dividends. Evaluate the overall potential for returns based on both guaranteed and non-guaranteed elements.

2. What is the premium payment term and flexibility?

• Understand the premium payment terms, including the duration and frequency of premium payments. Additionally, check if the policy offers flexibility in premium payment options, such as the ability to increase or decrease premiums.

3. What are the coverage limits and policy features?

• Evaluate the coverage limits offered by the policy, including the sum assured and any additional features. Check for features such as accidental death benefits, critical illness riders, or waiver of premium in case of disability.

4. Does the policy offer cash value and loan facilities?

• Inquire about the cash value accumulation over the policy duration and whether the policy allows for loans against the accumulated value. Understanding the liquidity features can be crucial for financial planning.

5. What is the maturity benefit and payout options?

• Examine the maturity benefit provided by the policy and the payout options. Some policies offer a lump sum amount, while others may provide periodic payments. Choose a policy that aligns with your financial goals during the maturity phase.