Buy insurance only from a Licensed agent / intermediary / broker / IMF & CSC / Online
Buy insurance only from a Licensed agent / intermediary / broker / IMF & CSC / Online who is licensed to sell Life Insurance Products. You can ask for the license before you actually buy the policy.

Shop around
Seek premium quotes and proposals from various insurance companies and do a comparative study. Different policies offer different benefits, so choose one that suits you the most. Cheapest is not necessarily the best.

Understand the scope of cover, terms and conditions of the policy
Make sure you have a complete understanding of all necessities such as the terms and conditions as well as exclusions in the policy. If necessary, do not shy away from asking for explanations from the insurance company.

Avoid unwanted additional coverage
Do not be pressured into buying 'packaged' products, as they often contain fixed coverage's you don't need. However, you may opt to add additional coverage or riders of your choice at an additional premium which offers value for money. Your financial commitment should be in tune with your financial condition.

Get the right life insurance policy
Carefully study your agent's recommendation to make sure the policy is what you are looking for. The benefits should match your needs.

Check the date the insurance becomes effective
The date the insurance goes into effect may be different from the date the company issues the policy. Ensure you ask your agent when the insurance becomes effective.

Fill in your application carefully
Never sign blank proposals or application forms. Ensure all information filled in your application is complete and correct to avoid delays or even denial of claims at a later stage.

Health related particulars
Life Insurance is a contract of utmost good faith where the responsibility of disclosure of material fact vests with the buyer. Please ensure that all questions relating to family history, personal health are answered with utmost care. Any concealment or non disclosure of material facts could jeopardize claim to your nominees.

Age, Identity and Address Proof
Regulations require proposal forms to be accompanied by authentic Age, Identity and Address Proof. Kindly ensure that acceptable proof of Age, Identity and Address Proof are submitted with proposal form.

Ensure premiums are paid to your insurance company
Make sure your cheque or money order is made payable to the insurance company and not to your agent and insist for a receipt immediately as proof of payment.

Read your policy when you receive it
Life policies have a 'free look' period of 15 days from the date you receive it. Use this opportunity to make sure this is the right policy for you. In case the policy document contains any condition which was not explained to you by the agent or intermediary, you have the right to return it to the insurance company and ask for refund within this period.