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Factors to consider before buying insurance

Factors to consider before buying insurance

Before you take an insurance cover, you need to consider the following factors:
  • Your life goals and ambitions
    Is it a comfortable retirement you are looking for? Do you need money for your child's education abroad? Or do you wish to buy a home down the line? Assess your needs as this will help you to select the right policy
  • Amount of Insurance required
    Your HSBC RM can help you do a detailed personal financial review which will help assess your insurance needs and requirements.
  • Type of policy
    There are various Insurance plans that help fulfill your varied needs. There are policies that offer protection, fulfill your savings and investment needs, help meet your retirement goals as well as provide tax benefits. You can choose an appropriate policy that suits your needs the best.
  • Amount you want to set aside for insurance premium
    When you buy a policy, you need to pay a premium at a given frequency (usually every quarter, half yearly or every year) to keep it active. Make sure you can comfortably service the premium payments on the policy you select.

Insurance is the subject matter of solicitation.
The Hongkong and Shanghai Banking Corporation Limited, India (License Number: 961387) whose registered office is at 52/60, M. G. Road, Fort, Mumbai 400 001, is the Corporate Agent of Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited. The Hongkong and Shanghai Banking Corporation Limited, India does not underwrite the risk or act as an insurer.

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