Document Overlap
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First documentHow Life Insurance Works? Insurance Guide for BeginnersOpen original ↗
A-930
Second documentWhat is Life Insurance and How Does A Life Insurance Policy Work?Open original ↗
Medium overlap
Top paragraph overlap
100.0%Page comparison
Paragraph matches
Strongest non-zero match for each paragraph.
First paragraph27 words
Calculate Term Insurance Premium
A term insurance calculator is a useful online tool that helps you determine how much coverage you need based on your income, lifestyle, and family’s needs.
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Second paragraph27 words
Calculate Term Insurance Premium
A term insurance calculator is a useful online tool that helps you determine how much coverage you need based on your income, lifestyle, and family’s needs.
First paragraph38 words
How Does Life Insurance Work?
A lack of awareness is one of the major impediments for widespread adoption of life insurance. The availability of different types of insurance products also confuses some people. But most life insurance policies function in a similar manner.
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Second paragraph37 words
What is Life Insurance? Types and Benefits
Lack of awareness is one of the major impediments for widespread adoption of life insurance. The availability of different types of insurance products also confuses some people. But most life insurance policies function in a similar manner.
First paragraph72 words
How to Buy a Life Insurance Policy?
Buying a life insurance policy has got simpler with time, thanks to the online channels that allow purchasing a policy easily, without many hassles. Insurance companies conduct a verification of the details provided by the buyer before issuing a policy. One has to fill out an application form with all the details, like medical history and family health history. The insurer may even ask you to undergo a medical examination, if required.
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Second paragraph157 words
How to Buy Life Insurance Policy Online?
Now that you know what is a life insurance policy and how it works, let us move to the buying process. Buying a life insurance policy has got simpler with time, thanks to the online channels that allow purchasing a policy easily, without any hassles. Applying for a life insurance plan is easy in India. You can either contact the nearest branch of an insurance company. Or you can buy a life insurance plan online. Canara HSBC Life Insurance has optimized its procedure by taking it online. You can ditch the unnecessary paperwork and choose the convenience of buying a life insurance plan from the comfort of your home. Life insurance companies conduct a verification of all the details provided by the buyer before issuing a policy. One has to fill out an application form with details like medical history and family health history. The insurer may even ask you to undergo a medical examination, if required.
First paragraph21 words
What Type of Life Insurance Do You Need?
How long do you want your life insurance coverage to last? What goal do you wish to prioritise and save for?
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Second paragraph33 words
How to Choose the Right Type of Life Insurance Policy?
How long you want your life insurance coverage to last? What goal do you wish to prioritize and save for? Answer these questions and find a life insurance plan that suits your needs.
First paragraph122 words
Claiming your life insurance policy
In the event of the untimely death of the insured, the insurance company pays the sum assured to the nominee. The claims process is very simple; the insurance company has to be informed as soon as possible after the death of the insured. The nominee has to fill a claims form and submit with required documents like death certificate. The insurance company verifies the claim and releases the benefit. In some cases, the insurance company may choose to examine the claim. You will have to provide additional documents and the claim settlement will take slightly more time. Sometimes, insurers reject an insurance claim. Some of the reasons for rejections are concealing information while buying the policy, giving false information and policy lapsing.
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Second paragraph125 words
How to Claim Life Insurance after Death of the Policyholder?
In the event of an untimely death of the insured, the insurance company pays the sum assured to the nominee. The claims process is very simple; the insurance company has to be informed as soon as possible after the death of the insured. The nominee has to fill a claims form and submit with required documents like death certificate. The insurance company verifies the claim and releases the benefit. In some cases, the insurance company may choose to examine the claim. You will have to provide additional documents and the claim settlement will take slightly more time. Claims can be paid out in a lump sum or in regular monthly instalments. You can choose the way you want the nominees to receive the death benefit.
First paragraph39 words
What Type of Life Insurance Do You Need?
In addition to the amount of coverage you need, you should also figure out what type of life insurance you will need. All the types of life insurance available, two majors will broadly help you determine the right policy:
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Second paragraph67 words
How to Choose the Right Type of Life Insurance Policy?
Only understanding what is a life insurance policy is not enough. You must know what type of life insurance policy will be suitable for your needs. In addition to the amount of coverage you need, you should also figure out what type plan you need. Of all the types of life insurance plans available, there are two major questions that will help you determine the right policy –
First paragraph102 words
Paying Premiums for Your Policy:
A life insurance policy is a contract between the policyholder and the insurance company, with the promise that the insurer will pay a pre-decided amount to the nominee on the condition that the policyholder pays all the premiums without fail. The pre-decided amount could be the maturity amount paid after the policy tenure gets over or the death benefit paid if the unfortunate happens during the policy term. In a nutshell, all the benefits of a life insurance policy are tied to the payment of premiums, which is why one should opt for a policy that can be easily serviced.
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Second paragraph46 words
Life Insurance Policy Meaning
In a nutshell, all the benefits of a life insurance policy are tied to the payment of premiums, which is why one should opt for a premium that can be easily serviced. A life insurance policy works only if the policyholder has paid all premiums regularly.