Insurances with Additional Products and Services, Beware!


Bangalore: Is your insurance charging you for additional services? Do you really need them? If you are looking for insurance, then make sure that you pay for only what you need. This is so because many insurance firms bundle products and services with their insurance policies. This adds to the overall cost of the insurance, taxing you more in the process.

The major demerit in the bundling of products and services is that the insurance seeker does not have a choice of insurance. If the insurance seeker wants a cover of LIC but gets that of HDFC instead, then the person will get frustrated.  It’s a situation where we get something we don’t want and have to pay more for it too. This makes the insurance seeker disillusioned and he/she will not return to the same loan provider again. This will result in a drop in client number. Moreover, such clients may provide negative word-of-mouth publicity for the concerned company.