What you need is Need base Insurance. Review on TATA AIA Life Insurance

Dear friends always remember Insurance is contengancy plan of your life. Insurance is based on various factors. Let me tell you why I choose this product.

Tata AIG Mahalife is basicaly nothing but whole life policy. for whole life policy the most important thing is to understand the principal behind this plan. This policy will pay only after the death of the insured. This policy is not suitable to people who are beyond 30yr old.

casue there r various factors shud be counted in this taking policy, in my previous reveiw I have writen that various factors are based on the policy underwriting. which agents or sales managers are not knowing. the main thing behind selling insurance to agent is to earn more commission. but once again i would like to tell you that insurance is not selable thing. its a solution to your risk. so the most imortant thing is risk factor. specialy I have seen agents selling critical illness rider with each policy but this rider is realy not suitable for indian life style. then Critical Illness is registered trademark of Munice Re. This rider is very attractive to in western countries casue of their life style.

second thing we must understand when to take whole life policy. Always ask agent to comparision chart of each segment of policy. like Mahalife is whole life policy, in this catagory the best product is of Max Newyork which has more flexibility then other product which is introduced by Bajaj Allianz is based on UNIT link plan which is also a good product comarative to Tata AIG.

always calculate or ask the relation of inflation rate, devaluation of money, and interest rate to agent and ask how it can affect your earning capacity of your policy. This is the most important part of the buying insurance. if he/she can give correct answer then ask for comaparison chart. study all the policyies of all the company n find out which is the suitable product for u. its my personal advise that Mahalife policy shud not taken after 34 yr of age. then you should think of mix match product which u can make a basket of product which will suffice your need.

for example when you r taking housing loan then you must take life policy. the sum insured must be double to your loan amount. priciple behind this is after you death your family should survive with the remaining earning capacity. if you jsut take only policy worth loan amount then can your family change the lifestyle. second in this also you have better options of vrious insurers.

SO BEFORE BUYING INSURANCE FOR YOU TAKE VARIOUS FACTORS IN CONCIDERATION. TRY TO TAKE OPTIMUM RISK AT APPROPRIATE COST.

warm regards

Abhay