Before taking an insurance policy, or invest in share market, or other financial investment, ask following questions to the Executive who approach you.

Published by Philip George on October 25th, 2011 - in Life Insurance

How long you are in this business?
How many companies (job) have you changed in your career?
How long is your company in this business?
How long would you and your company in that business?
What are the assets of your company?
What are the liabilities of your company?
What is the “life fund” or “Asset under management” of your company?
Can you show the profit & loss account of your company since the year 2000?
How will I remit the premium?
How I will get the after-sales service?
What are the claim procedures of your company?
What are the terms and conditions of the death claim?

NB: I wrote this because, I have met several frustrated IT Engineers who have invested their hard earned money without proper planning, with inept private insurance agents, hoping to avail the income tax benefits. If they had asked these questions to the executive, then they would have never worried about their investments.