Question

What  are  the  steps  to  be  taken  at  the  time  of  taking  an
insurance  policy?

DSERT Class 10 Business Studies Ch. 2 Insurance

Answer 1

There are various types of insurances. The requirements for each type of insurance vary widely. It depends on the type of insurance and the person’s needs. For instance, for Life Insurance, it generally starts with defining the insurance amount and the period. Based on this, the insurance company will arrange for a medical check of the person who wants to be insured and they will offer the suitable policy for the individual concerned.

 

                                  

 

                                  

 

                                  

 

 

                                   

Answer 2

The steps to be taken at the time of taking an insurance policy are-
1.You should decide what amount of cover you need.
2.For how much time period you need insurance.
3.Know about the policy inflation factor.
4.You should go for an online term plan.
5.Take the plan which is economic .
At last it should be there that you check about all the things related to policies,its claims and buy that policy which is according to your requirements.