For the insured and the man on the street, here is a simple piece of advice: Look at the amount of premium that you are paying for your property and most importantly, the sum insured.
LET’S face it, we all buy insurance for one reason or another, be it life insurance or general insurance products.
The idea of insurance is to provide an insured person compensation in the event of calamities and of course, in the case of basic life insurance products, the next of kin will be the main beneficiary in the event of death.
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