10 Look-ups Before Buying an Insurance
3. One big policy or many small policies
Then sit and decide upon what need you are going to meet at what stage of your life, so that you can sit and divide your policy into multiple small policies or one or two big one. Don’t divide the cover among numerous products of the same type. For example take a single policy of 
50 lakh rather than taking two policies of 25 lakh each. This will be cheaper and the paper work, co-ordination with companies etc will also be less time consuming.
4. Premium affordability
It’s you who have to decide upon the premium which can be paid by you. It will entirely depend upon your income and financial planning for the future. But you shouldn’t make the premium too small as it will be a long term commitment. Commit the annual basis toward insurance as per your comfort level.
