Checklist

YAY!
You got your TruMatch report and are now ready to buy the right term
insurance plan for your family. Here are some things to keep in mind
while you go ahead with your purchase.

DURING POLICY PURCHASE

Did you read the policy document, wordings, terms & conditions thoroughly
before making the payment?
Make sure you understand every minor detail, if in doubt ask your financial
advisor

Did you fill the ENTIRE proposal form yourself?

Even ‘dictating’ to the financial advisor will not work. Do. It. Yourself.

Did you enter accurate personal details while filling the proposal form?
Even minor discrepancies with respect to pin-codes or occupation could cause
issues later.

Did you get a detailed medical history of you and your family?
Include every symptom, diagnosis, treatment, and surgery throughout the
lifetime, to the best of your knowledge. Even if they're completely cured.

Did you provide a detailed medical history to the insurer, along with
supporting documents, medical tests wherever required?
Incorrect or incomplete declarations could put your family’s claim in
jeopardy.

Did you put the standing instructions on your primary bank account?
Avoid credit/ debit cards for standing instructions to reduce the risk of
lapses because of payment delays when the card expires
 Checklist

Did you get your financial advisor to do an NPV (Net Present Value)
calculation before deciding on the type of Limited Pay?
The value of money changes with time. This calculation will help you
understand exactly how much you’ll save with each option.

Did you identify your nominee/s?

You’ll need to provide correct personal details (name, relationship, age
etc.) for each of your nominees.

Did you sign the Married Women’s Property Act, if married, male and would
like the claim amount to reach your wife, and no one else?
Remember this cannot be added or changed later - even by you. Even in case of
a divorce.

Did you opt for an e-insurance account, or Digilocker to store your policy details
digitally?
This ensures your family can access your policy documents, easily anytime,
anywhere.

AFTER POLICY PURCHASE

Did you make a copy of all the documents you submitted to the
insurer, for your records?
Including the policy proposal form (you can ask for it from the insurer),
medical declarations, etc

Did you take your family and nominees through the policy document, brochure, all
the terms & conditions thoroughly?
So they know about everything and understand the policy as well as you do

Did you share your policy documents with your key family members or Did you share
your e-insurance account or Digilocker details with your key family members?
Including detailed proposal form and documents sent for processing, policy copy
 Checklist

Did you take your nominee/ key family members through the claim settlement
process?
So they are aware of the process they will have to go through at the time of
claim, beforehand.

Did you share the mobile number of your financial adviser with your nominee
and key family members?
So they're absolutely sure of who they should connect with, during the claims
process.