When purchasing life insurance in India, it's important to follow a structured process to ensure you choose the right coverage.

Start by assessing your current and future financial obligations, including those of your dependents. Use a life insurance calculator to estimate the ideal coverage amount based on your responsibilities, family size, and long-term goals.

Understand the various types of life insurance policies available such as term plans, retirement plans, ULIPs, endowment, and money-back policies. Learn their benefits, coverage options, and limitations, especially regarding critical illness payouts.

Evaluate insurance providers based on their claim settlement ratio, customer service quality, and financial stability.

Use online calculators to estimate premiums for term insurance and retirement planning, considering factors like age, sum assured, policy duration, and riders.

Once you've selected the right plan, complete the application form accurately, providing honest personal and medical details. You may be required to undergo medical tests, depending on the policy and sum assured.

Ensure all necessary documents—such as ID proof, address proof, bank details, and medical records—are submitted.

Thoroughly review the policy document to understand its benefits, terms, and conditions. Pay premiums on time through your preferred method. After verification, the insurer will issue the policy.

In case of a claim, provide complete and accurate information to facilitate smooth processing.