List Some Useful Pointers When Buying An Insurance Policy Or Takaful

1.	List Some Useful Pointers When Buying An Insurance Policy Or Takaful Plan?
Answer» Useful pointers when buying an insurance POLICY or participating in a takaful PLAN: Understand the policy or plan including the product features, conditions, benefits LIMITATIONS and exclusions Ensure that the premium or contribution payable is affordable Ensure that the amount of COVERAGE taken is adequate and suits your needs Ensure that all material facts are fully disclosed Deal only with registered agents/licensed brokers or directly with an insurance company or takaful operators Monitor the period of coverage and time for payment of premium or contribution Useful pointers when buying an insurance policy or participating in a takaful plan:

List Some Useful Pointers When Buying An Insurance Policy Or Takaful Plan?

Answer»

Useful pointers when buying an insurance POLICY or participating in a takaful PLAN:

Understand the policy or plan including the product features, conditions, benefits LIMITATIONS and exclusions
Ensure that the premium or contribution payable is affordable
Ensure that the amount of COVERAGE taken is adequate and suits your needs
Ensure that all material facts are fully disclosed
Deal only with registered agents/licensed brokers or directly with an insurance company or takaful operators
Monitor the period of coverage and time for payment of premium or contribution

Useful pointers when buying an insurance policy or participating in a takaful plan: