Almost always we buy life insurance when an agent or his friend approaches us with one of these lines or something similar:
- Your son has started working, you should buy a policy as an investment or else, he will end up spending all his money.
- I can get you a proposal for your daughter, but you will have to buy a policy from me.
- I can get you a job for your daughter, you’ll have to buy a policy from me.
- You are going to join a ship – it is a dangerous job. You should take an insurance policy.
We do get taken in and go in for a policy. Then the agent actually decides which policy one should take, what premium one should pay, what should be the sum assured, etc, etc.
These questions come to mind – questions that we do not give any thought to:
- Do I really need an insurance policy?
- Why not give this man a ‘finder’s fee’ rather than commit to a payment for 20 – 25 years?
- Is this man, as an agent, looking after my interest? Or only for his commission?
- Is he, as an agent, atleast know something about insurance in general and about this policy in particular?
- Is there a better alternative?
Give it a thought.
Niranjan Bangera
36 Properties Pvt Ltd
09870215520
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