Check your insurance application form carefully

insurance application form

When buying insurance a person actually enters into a contract between the insurance company and himself. As you must be aware all contracts are legal in nature and therefore you must be very careful in signing all insurance application forms.
Most of times it has been seen that an applicant does not even read the application form and signs it where ever the insurance representative tells him to sign.Please understand that these documents are the most important part of buying insurance. Buying insurance may be quite easy but getting your claims from the insurance company in an unfortunate event can be a difficult game if you are not careful at the beginning.

Important point to remember when buying insurance policy.

1)Never sign a blank application form..Never..Never
2)Make sure you fill the application form by yourself, your advisor may insist that he can do that boring job for you, but for your safety it’s better that you should do this boring job.
3)Always read the application form very carefully
4)Ask you advisors about any clause you do not understand
5)Do not provide any false information in the application form, even a single false information can be attributed to non payment of claims due.
6)When you receive the policy please read it carefully and check if the policy wordings says the same as promised by your advisor. Most of the insurance companies have a free look in period , where you can return the policy if you are not satisfied with the insurance policy.
7)Always remember to keep a photocopy of the submitted application form.

It’s always better to be safe than sorry..



---Sponsored Ads---


find-quote

How to find best insurance quotes?

The world of Insurance & Insurance quotes: One of the service sectors that has witnessed a massive rise of late is none other than the Insurance Industry. In today’s date, you are likely to come…


icici-pru-easy-retirement-plan

ICICI Prudential – Easy Retirement Insurance Plan

We all wish to pursue a good life after the retirement. This we look forward to purchased such a pension plan which can help us spend a financially sound life even after we stop working….


Insurance-accident-cover

Accident cover – Why you should have one

It’s a fact that to cover the risk of death we have life insurance policy and to take care of the hospitalization expenses there is health insurance policy. Nearly all of us are familiar with…


renew-health-insurance

Renew Your Health Insurance Policy On Time

We receive hundreds of inquiries on our website every month and we have seen that in many cases the mediclaim or the health insurance policy of the client has already expired or is just about…


Questions to ask your Insurance Agent Before Buying

Questions to ask your Insurance Agent Before Buying

Please be aware of the fact that insurance in not a commodity like a television set or music system which you buy once , pay once and enjoy the benefits. Please be very careful before…


Insurance Policy Wordings

Carefully Read The Insurance Policy Wordings

Insurance is basically a contract between you and the insurance company. All insurance types life insurance, health insurance, car/auto insurance etc. are a contract. In short the insurance company promises you to pay a certain agreed amount on…


insurance application form

Check your insurance application form carefully

When buying insurance a person actually enters into a contract between the insurance company and himself. As you must be aware all contracts are legal in nature and therefore you must be very careful in signing all…


what-is-better-individual-or-family

Individual or Family Floater Health Insurance Policy

A Family floater health insurance policy is a better option if you want your entire family to be covered under a single health or mediclaim insurance policy, the reason is that you get a higher…


Health Insurance India

Health Insurance India Should I Buy?

The concept of health insurance or medical insurance is not very new in India, but still most Indian families do not have adequate health insurance cover. Many people still believe it to be a waste of…


important insurance terms

Some important insurance terms you should know.

Life Insurance is highly important in terms of having your financial future secured. It is important that you opt for a policy or a plan that meets your needs. When you visit a life insurance advisor, it…


Be the first to comment on "Some important insurance terms you should know."

Leave a comment