Buying
the right insurance can be very difficult sometimes. You need to look
into so many factors before making a deal. However, choosing a good
general insurance company is even more important to enjoy quality
services without any hassle.
In
the past few years, many companies and service providers, both
state-owned and private players, have come up in the insurance
sector. Each one of them has policies according to various needs of
an individual. This may confuse you and you might end up buying a
wrong one. Hence, it is essential to know about the distinct policies
offered by different insurance companies before purchasing the best
one for you.
A
trusted general insurance company will provide you adequate insurance
coverage without burning a hole in your pocket. Here are a few
factors you must take into consideration before picking a reputed
insurance firm:
Financial
Solidity
Be
extra sure about the general insurance company from where you are
buying the policy. Know the company's financial status and find out
whether it has adequate resources to fulfill its promises. Besides,
look for company's CRISIL rating and online reviews to get a good
idea about its past dealings. Asking with friends and family members
is another way to clear your doubts.
The
Product Line
Before
you buy a policy from a general insurance firm, you must first assess
your needs and then take the decision accordingly. Going with the
company that has all types of policies is a smart idea. This will
help you to choose the best one from all the available options.
Claim
Process
Buying
an insurance policy with low premiums cannot be a good decision, if
the claim settlement record of the general insurance company is not
fruitful. Insurance providers are considered to perform their basic
function of paying claims or maturity benefits. However, insurance
companies reject the claims in case of missing documents and
misinformation. You must always opt for a venture that has a high
claim settlement ratio. Besides, make sure that your nominee gets the
specific amount even in your absence.
Prompt
Customer Service
A
reputed general insurance company possesses educated managers and
knowledgeable customer service representatives who completely
understand your needs and offer prompt guidance. Besides, the firm
must be able to assist you at virtually any time.
Consult
Your Financial Planner
Even
if you are not satisfied with the information you have collected from
various sources, you may confer with your financial planner for
advice. His experience will surely help you to make the correct
decision.
About
IFFCO Tokio
Established
in the year 2004, IFFCO Tokio has been providing unique insurance
plans to its clients, thereby catering their distinct needs. With its
excellent customer satisfaction record, this company has managed to
proudly stand as the leading general insurance company in India.
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