Buying Health, Life Or Term Insurance? 5 Checks You Should Never Skip

Insurance is one of those purchases most people make hoping they never have to use it. But that does not mean you can buy a policy casually.A low premium may look attractive. A long list of features may sound impressive. But what really matters is whether the policy will protect you when you or your family actually need it.India's insurance market is growing rapidly. Yet there is still a large gap between owning a policy and having enough protection. Insurance penetration stood at around 3.7 per cent of GDP in FY2024-25, while insurance density was about $97. The industry collected nearly Rs 11.93 lakh crore in premiums during the year.For consumers, the challenge is to choose the right cover? Shreyans Vijay, Executive Director, Sales, Coverfox Group, says the focus needs to move beyond simply comparing premiums.Here are five things to check before buying health, life or term insurance.1.