What you need to do after you buy a Term Plan

Every investment advisor will advice you that it is a good idea to buy a term plan , but what to do after you buy the term plan .. well here are few stuffs that you can do 

• Check the name , make sure it is proper and also make sure that it is exactly like it is in all your Id proof
• Just like Demat Account for shares there is a new kind of account offered for free , where all your insurance polices ( yes across different Insurance companies ) can be stores online .. so make sure you get such an account and keep all your policies there .Need more detail click here
• Why is Point (2) important , because it has been found that in most of the cases , the original Insurance policy document would be lost or misplaced and also that you can give access to this account to your dependants , so that they access this account when you are not around any more 
• please do add a recurring reminder for annual premium payment , so that you do not forget to pay the premiums every year