Many people invest in luxury things such as Cars, Mobile phones and other things and fail to insurance their lives. Insure when you start earning. Life Insurance charges would be less and returns would be more if you start at younger age.

Consult an experienced Insurance Agent and read documents carefully. Never go for cheap premiums of fascinating words. visit IRDA website and see the claim settlements and compare before signing the documents.

Life insurance companies have a certain level of economic or income criteria and a person whose income is below that level will be denied a policy. That level might vary between life insurance companies and the main reason for this restriction is that it can result in issuing a large number of small policies that produce reduced premium flows

The reality of the life insurance industry is, if you correctly give all the information and undergo all the required check-ups, your claim will not get rejected. However, it is also true that claims do get rejected even if the probability of this is negligible