The agent/consultant tells you only those factors of the particular policy that provide feel good factor to you but usually the agent always hide easily the factors that may discourage you to go with the policy. Here are some clues for you that can help you to understand the particular policy.

1. Facts That Insurance Agent
Might Not Tell You!
Bima Deals
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2. When any insurance agent comes near to you and
try to sell a policy or plan then his tone of
convincing can drown your worries that are vital to
wise investment. The agent/consultant tells you
only those factors of the particular policy that
provide feel good factor to you but usually the
agent always hide easily the factors that may
discourage you to go with the policy.
Here are some clues for you that can help you to
understand the particular policy:
http://www.bimadeals.com

3. Hidden Costs/Charges:
First of all you should understand that any policy depends on the
insurance variant and type and the fee or charges may vary for
different policies. Like if you are choosing a policy with a
combination of insurance and investment then there is a chance
that your agent can generally ignore the allocation fees and
administrative charges for the policy that the insurance company
can deduct from the amount you deposit.
It simply means that when you take any policy then there is a
substantial amount has deducted from the paid-money and the rest
of money will be used to buy the policy credits from your insurance
account.
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4. Lock in Period:
This is another feature that the agent/consultant generally doesn’t
want to explain to anyone. What is lock-in period?
This is the compulsory time for which your money must stay invested
with insurance company so as to take advantages of the policy. If
there is any emergency in that the buyer wants to withdraw the
money then there are many penalties for this that can considerably
deduct the net payable amount to the buyer. So before buying any
policy you must think if there will be any possibility to withdraw the
policy in between and then put in the money.
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5. Surrender Charges:
The surrender charges of any policy are never declared to you at
the time of purchase. The agent generally tells you that the whole
NAV of the plan will be compensated to you if the policy is
surrendered earlier than its maturity period. However this is not
the truth.
All companies do charge a fixed surrender charge if the policy/plan
doesn’t complete its maturity period. So when you are going to buy
any plan or policy then read carefully about the maturity period for
the particular plan.
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6. Terms and Conditions:
There are lots of factors in terms and conditions of the policy
that any buyer does not pay any attention to at the time of
buying. Though this mistake can actually cause to be the
invalid policy or make it very difficult at the time of claim.
So read those and ask your agent each and every term of the
policy that you are unable to understand when you are about
to sign a deal.
http://www.bimadeals.com

7. Thanks for visiting.
For more insurance related requirements,
visit us at
http://www.bimadeals.com
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