Plans of Life insurance in India have a variety of choices to go well with diverse people at diverse life phases. Prior to deciding on which life insurance plans you require to buy, you must cautiously consider why you require it, what will be the sum guaranteed and for how long. Why opt for a protection plan? A regular supply of earnings offers a sense of defense, for you and your family, in the present time. However, the future has to be safe, as well. Therefore, you require a plan to:

· Protect the future of your family.

· Keep up a comfortable standard of living in deficiency of regular earnings.

· Let your dreams be unrestrained.

To choose the right time insurance arrangement you should be able to illustrate a rough picture of your family's requirements. Be sure that your family is able to keep away from financial tensions, if an unnecessary or unpredictable condition strikes. Acquire all-round safety in opposition to casualty and disability and be a dependable provider by taking care of your family's expected wishes too. Certain essential issues that one should remember while opting for the plan are:

· Premium sum: Protection plans are all the rage due to the low premium sum you are required to compensate. For a cover of Rs. 1 Crore, you have to shell out a sum as less as Rs. 1000 per month, provisional on your physical condition and age. As, the premium amount does not amplify over the policy period it is worthwhile that one acquires these plans as early in life as possible. And there are unique charges for non-smoking persons too, where the premium you have to give is inferior to others.

· Cost of sum guaranteed: Certain plans offer you concessions on higher amount guaranteed. As a result, the expenditure of the plan is cheap, while providing better safety for you and your family's future.

· Claims resolution record of the company: Pleasant, rational and speedy dealing out of your claims is the sign of a prudent insurance company. One might also wish to judge against 3-5 years of the company’s claim resolution verification, which is openly accessible on the regulator's website.

· Riders obtainable: Riders provide you additional cover on your arrangement. You can obtain additional cover for misfortunes and dreaded illness plus increase your protection cover.

Gaurav Khurana is an expert on Life Insurance. He is the Founder Director of DIALABANK.COM (Call 60011600) and Ex National Sales Head – ING Investment Mgt India and Vice President Citibank N.A