What should be my primary objective while buying a life insurance policy?

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Your primary objective while buying a life insurance policy must be risk coverage rather than expecting returns similar to that on other investment products. Traditional rising inflation with their returns floating between 5-8 per cent

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The main purpose for buying insurance policy should be to cover the loss due problem and it should not only be to save tax nor it should be a way to make investment.

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Its really great taking insurance for what ever like business, individual, vehicle etc. so insurance is indeed for everybody especially life insurance, health insurance, vehicle insurance and business insurance. if we take any insurance scheme we need to ensure ourself that the premium has to be paid in correct period. Insurance is also a kind of investment because it pays us compensation when we are in loss in business (if undergone business insurance).

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I don't know about life insurance plan but i want to share some point about insurance:
Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium. An insurer is a company selling the insurance. The insurance rate is a factor used to determine the amount, called the premium, to be charged for a certain amount of insurance coverage. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.

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There are lot of ways to ones problems and you can solve them easily one you have better suggestions ….like the ones above…keep going mate ;-)

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Insurance Company

Hi
You have done a good question, it’s really interesting. If you get any good reply, so please let me know. So I’ll also get some good idea.
Thanks for your future help.

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