|Insurance Buying Tips #1: Shop smart|
|When looking for insurance, your No. 1 priority should be to find adequate coverage. Price is important, but you’ll want to determine what kind of coverage you need first. Then you can fit that coverage into your budget and determine which carrier can provide you with the most comprehensive policy for your situation. You may be tempted to choose insurance with the lowest price tag, but if you don’t have enough coverage (or the right kind of coverage), you will see less financial benefit when it comes time to file a claim.|
|Insurance Buying Tips #2: Look for discounts|
|Once you evaluate your coverage needs, factor in your budget and find ways to save. Ask your insurance agent if there are any discounts on your coverage. Often, carriers offer discounts for things like paying your policy in full, staying auto accident-free or, if you’re in school, getting good grades. You also can save money by “bundling” multiple policies, such as purchasing a home and auto policy from the same carrier.|
|Insurance Buying Tips #3: Fill in the gaps|
|An average policy will cover the basics, but you may need to add extra coverage to meet your unique needs. For instance, you may have items like electronics or a nice piece of jewelry that would be financially difficult to replace, even with the assistance of your average renters or homeowners policy. You may want to add additional coverage for these items.|
Critical illness is something which people are facing nowadays in large scale.
This kind of illness means income loss, lifestyle will change and permanent disability. The medical expenses could be more than what your health insurance would cover. If you want to overcome this issue and afford your large medical cost means – get Critical Illness Insurance.
Critical Illness insurance will give the lump sum amount which can be used for both Medical Expenses and also to meet your day to day expenses without making you run for any financial arrangements.
The good reason to buy critical illness insurance is-Especially it is helpful for the earning members of the family.
People are suffering from the chronic diseases like Aids, Cancer, Paralysis attack and also dying because of the bad habits like Smoking, Alcohol consumption, Tobacco, Drug Intake and many more.
World Health Organization has predicted that more than 7 lakhs people will die by the end of 2015 due to cancer.
Multi-Specialty hospitals are coming up with special equipment to treat the people with above and those treatments are really expensive.
If any person is hospitalized for any of this the treatment cost will reach sky high and it is not possible to afford the cost for all the people.
Getting the critical illness insurance is only the good option.
Due to some critical illness if you are unable to make your living, just think what will happen to you and your family.
|Insurance Buying Tips #4: Purchase life insurance—you aren’t too young|
|Life insurance is essential, no matter how young or old you are. And for millennials, buying now may be a smart move because it’s cheaper to buy a life insurance policy when you’re young and healthy. This kind of insurance can help your family cover unexpected costs in your absence, including student loan debt or a mortgage, in addition to end-of-life costs. And if you have kids, a life insurance policy can also support their education or childcare expenses. Additionally, every millennial should consider long-term disability coverage, which helps you stay afloat financially if an accident happens and you become disabled and unable to work.|
|Insurance Buying Tips #5: Talk to an independent agent|
|An independent insurance agent is an essential resource when purchasing insurance—especially if this is your first time. An independent agent works with multiple different carriers, which is different from captive agents who can only sell insurance from the carrier they work for. Working with an independent agent can help make sure that you are getting the best coverage, for the best price. You’ll also benefit from independent agents’ insurance knowledge; they know how to talk you through your options and actually explain what each policy includes. An independent agent will make sure all of your assets are covered, help you find discounts or other ways to save, and be a valuable resource as your life changes and your insurance needs change, too.|
|Insurance Buying Tips #6: Only buy insurance to maintain your existing standard of living|
|You don’t need insurance for events that won’t severely strain your finances. Start with your basic needs (home, auto, business), then work your way to include other needs (cyber, liability). You can always obtain coverage later for something if you change your mind. You can minimize your risk and maximize your savings by buying insurance that won’t cause you to break the bank.|
Over that, you need to afford the medical expenses also. As I told earlier critical illness insurance will give you the lump sum amount to get treated for your critical illness covered under the policy.
Apart from the above benefit the critical policy will also give you the benefit of the following:
Policy will give you cost and recovery aid
- Tax Benefit
- Free health checkups.
And also if you have any transplant surgery the policy will cover the donor expenses which are not covered under normal health insurance policy.
Let us know what are covered under the critical illness insurance and what are not covered.
Critical illness insurance covers:
- First Heart attack
- Lung disease
- Open Heart Surgeries
- Kidney Failure
- Major organ transplant
- Stroke resulting in paralysis
- Loss of Speech
- Major Burns
- Liver disease
- Coma stage
- And which are not covered:
- Illness due to Smoke, Tobacco, alcohol and drugs
- HIV/ Aids
- Critical condition due to pregnancy or childbirth
- The Dental care treatment and many more
So it is the time to get Critical illness Insurance
Now it is a big Question?
Who can work along with you and help you in your critical situations?
ZEN PLUS the critical Illness Insurance Agents of Canada and Jelan Arumuganathan the Critical illness Insurance agent in Ontario
Approach ZEN PLUS and Jelan Arumuganathan for all you Critical Illness and get you Insurance Policy
|Insurance Buying Tips #7: Ask your insurance provider what the policy doesn’t cover|
|Every insurance policy has perils that are not covered by your policy. These perils are referred to as “exclusions”, and every policy has them. Ask your insurance provider to explain the exclusions in your policy to avoid discovering what they are once you incur damages or a loss.|
|Insurance Buying Tips #8: Consider bundling several policies with one insurance carrier|
|here may be value in bundling several policies with one insurance carrier. If you’re looking to insure multiple vehicles or obtain multiple types of business coverage (e.g., liability, property, cyber), then you may want to consider obtaining coverages under one insurance provider who carries multiple products, and who may be able to offer you multi-policy discounts or loyalty programs.|
|Insurance Buying Tips #9: Review your insurance needs on a yearly basis|
|As your needs evolve, so will your insurance policy. Maybe you’ve acquired a new vehicle since obtaining auto insurance for your primary vehicle, or started operating your business out of your home, or experienced a cyber-attack during the year… Whatever the change(s), you’ll want to make sure you’re covered for any new risk exposures. Talk to your insurance provider to stay on top of your insurance needs.|