Bangalore: Every financial scheme has pros and cons and has reasons to support and oppose simultaneously, but when your financial or insurance advisor consults you; his prime goal is to sell you the policy or plan and so he intends to hide few unpleasant facts about the policy. His credible tone might convince your doubts which are actually very important for making a wise investment.

One must carefully inspect the fine print of the policy document, which is sure to reveal many excuses which may in fact avert you from getting all the promised benefits of the policy. Bankbazaar.com has revealed some of these facts which you must know before buying insurance.

1. Terms and Conditions

There are several other factors mentioned in the terms and conditions of any insurance policy which are generally ignored by investor during the time of purchase. But this carelessness can hover upon later and eventually may make the policy invalid. Later it becomes extremely difficult to claim the full benefits at the time of requirement. So one must carefully study all the clauses mentioned in the fine print of the policy to avoid any blunder afterwards.