Few things to remember in protection plans

Premium Amount: The amount of premium for the protection plan is usually quite low, when compared to other insurance plans. However, it is advisable to check all the features so as to make an informed selection. For instance, check whether are there are varying premium rates for non-smoker and females.

Discounts on Large Corpus: Some of the plans offer discounts if the corpus assured is large. Here, one can get better protection for his/her family without spending more for the plan. Riders: Many plans offer various riders which can provide an extra protection for other unforeseen events such as illnesses and accidents.

Best time to choose: The best time to opt for a protection plan is as soon as you start your family. It is suggested to start as early as you can as it is understood that the amount of premiums increases if one enters insurance later in life. The benefits and the cover you get are also higher if you choose a plan early.

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