FREQUENTLY ASKED QUESTIONS
Term life insurance is a policy that provides coverage for a set period. If the policyholder passes away during the term, their nominee receives the insured amount. It’s affordable, straightforward, and perfect for long-term financial protection.
Focus on premium amount, coverage, claim settlement ratio, rider options, and customer reviews. InsuranceRateExpert.com simplifies this with expert reviews and insurer comparisons.
Health insurance pays for medical bills during hospitalization or illness. Life insurance provides a lump sum to your family if you pass away during the policy term. Both are essential, but serve different needs.
Yes, as long as you buy from trusted IRDAI-approved insurers. Always double-check the site’s security and documentation. We only guide you to verified providers.
It's the percentage of claims that an insurer successfully pays out. A higher CSR (95% or above) means the insurer is more reliable in paying claims.
Leading insurers include LIC, HDFC Life, ICICI Prudential, Tata AIA, and Star Health. The best plan depends on your personal needs — compare coverage, premiums, and benefits before deciding.
Riders are add-ons to enhance your policy. Popular riders include Critical Illness Cover, Accidental Death Benefit, and Waiver of Premium. They offer extra security at a small cost.
Choose annual payments, maintain a healthy lifestyle, skip unnecessary riders, and compare policies online. Buying early also reduces premiums.
It’s not legally mandatory, but highly recommended. Healthcare costs are rising, and having personal health insurance ensures financial safety during medical emergencies.