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A Secure Future Awaits You With Right Life Insurance Company

This will ensure that even when you may not be there, your loved ones will be taken care of

Tuesday January 7, 2020 8:21 AM, ummid.com News Network

Right LifeInsurance Company

Life is unpredictable, where you do not know what even the next moment may bring for you. That is why you aim to make all necessary arrangements to ensure that you are well prepared from your end to meet with all contingencies. An essential part of securing your loved ones against the trials of life is to buy a life insurance cover that will support them in tough times, even in your absence.

That is why it is vital that you choose the right life insurer that can reassure you of your family’s secure future by giving you reliable support in need of the hour. Some of the features that you should look for when planning to buy a life insurance policy are as follows:

High Claim Settlement Ratio

The actual performance of an insurance company is revealed only at a time when you file the claim. Therefore, one of the first parameters to consider before going for a specific insurer is to see their claim settlement ratio. This ratio refers to the number of claims settled by an insurer against the number of claims registered with it.

The value of this ratio throws light on how dependable the company is in actually supporting your family by taking care of the finances in your absence.

Quick Claim Settlement

You wouldn’t want your loved ones to face any hassles or struggle in receiving the sum assured by the insurer. The loss of a loved one already leaves the family in an emotional crisis, and in such a situation, facing challenges in getting the claim settled can further add to the stress. Therefore, you would want to go for an insurer who assures you of the fastest and fairest settlement of your claim.

Some reputable insurers like Max Life Insurance, offer the InstaClaim facility in which they promise claim settlement within one day of making a claim. In case of a delay, they pay interest on the death benefit for every day of delay. So, it would help if you looked for an insurer who can settle the claims at the fastest possible.

Dedicated Claim Settlement Officer

After the unfortunate incident, your loved ones may not be in a state of mind to navigate through the process of getting the claim settled. That is why some insurers nowadays provide you with a dedicated claim settlement officer, who can offer full support at each step of the process. So, always find out beforehand if the company will provide you the assistance of a dedicated officer or not.

Monthly Income Payout in Term

Depending on factors like what your family’s need is going to be in your absence and the number of dependent members, you may want to go for monthly payouts instead of lump-sum amount.

The monthly payouts will ensure that your family can be sure of a regular flow of income each month.
Some reputable insurers offer this payout option to policyholders, to take care of your family’s financial needs just the right way.

Life Insurance Police Option

[Image Source: Shuttershock]

Pay Premiums Till 60

Some insurers offer you the benefit of paying premiums only till 60 years of age (i.e., the age of retirement), meaning you do not have to worry about paying premiums after you stop earning your salary. However, the coverage shall extend for as long your term period, regardless of your age.

This is an excellent benefit that comes with buying an online term plan, wherein you can reap security benefit for a much longer time, without worrying about paying premiums beyond 60 years.

Life Stage Increments

With age, your life situations also change, giving rise to new needs and concerns. A good life insurance company understands this and offers you increments at different life stages to support you better. Therefore, to secure yourself better, you should go for an insurer that not only offers you the death benefit, but also other incremental benefits along the way.

Choose the Right Insurer for a Secure Future

To secure your loved ones in the most comprehensive manner, it is essential that you go for an insurance company that has a good track recording settling claims and that too most quickly and reasonably possible. Not only that, but you should also look for other benefits that make the policy work for your family in the best way possible. This will ensure that even when you may not be there, your loved ones will be taken care of.

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