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Know my Life Insurance

Free Life Insurance Review


Get Expert Analysis

Are you unsure whether your life insurance policy is working in your best interest? Our free life insurance policy review provides comprehensive analysis to help Indian policyholders make informed decisions about their insurance coverage. Whether you have a term plan, endowment policy, or ULIP, our expert reviewers will evaluate your policy at no cost. want to know what is the review process? please scroll down.

Fill the Form below OR  Whatsapp us your policy document OR Email us your policy document at hello@honvest[.]com

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What we analyse in your Policy Review?

Term Insurance Review:
  • Coverage Adequacy Assessment
    • Evaluate if your current sum assured meets your family's financial needs.
    • Compare your coverage against recommended insurance cover. Please check the Term Insurance Calculator.
    • Assess protection gaps that may leave your dependents financially vulnerable.
  • Premium Structure Analysis
    • Review premium amounts against market benchmarks.
    • Identify opportunities for premium optimisation.
    • Analyse premium payment terms and frequency options.
  • Policy Term Evaluation
    • Determine if your policy term aligns with your financial obligations.
    • Review coverage age limits and extension options.
Unit Linked Insurance Plan Review (ULIP review):
  • ULIP Hidden Charges Audit
    • Detailed ULIP charges review :  premium allocation charges, fund management fees, mortality charges, Policy Admin charges, Switching charges, Premium Redirection charges and any Misc charges.
    • Identify surrender charges.
    • Compare total expense ratios against industry standards.
    • Reveal any undisclosed or excessive fees impacting your returns.
  • Surrender Value Analysis : (in case if you are looking to surrender)
    • Calculate your insurance policy surrender value and potential losses.
    • Evaluate surrender charges and lock-in period implications.
    • Assess tax implications of policy surrender.
    • Provide alternatives to surrender for cash-strapped situations.
Endowment Plans or Guaranteed Return Plans review:
  • ​Endowment Policy Returns Assessment
    • Calculate actual returns (XIRR).
    • Compare performance against inflation and alternative fixed return investments.
    • Evaluate bonus declarations and their impact on maturity benefits.
    • Assess the opportunity cost of continuing versus switching.

Why choose our Free Insurance Policy Review?

Completely Free Service : No hidden charges, consultation fees, or obligations. Our review is genuinely complimentary for all life insurance policyholders.

Independent Analysis : Unbiased evaluation without any sales pressure or product pushing. We focus solely on your policy's performance and suitability.

Expert Insurance Advisors : Our certified insurance professionals have extensive experience in policy analysis and Indian insurance regulations.

Comprehensive Report : Receive a detailed written report highlighting strengths, weaknesses, and actionable recommendations for your policy.

Multiple Policy Types : We review all types of life insurance policies including term insurance, whole life, endowment plans, money-back policies, and ULIPs.

Common Issues we Identify

  • Insufficient Coverage: Many policies have inadequate sum assured for family protection
  • High Premium Costs: Overpaying for coverage compared to market alternatives
  • Poor Investment Returns: ULIPs and endowment plans underperforming expectations
  • Excessive Charges: Hidden fees in ULIPs reducing your investment returns
  • Wrong Policy Type: Having endowment/ULIP when term insurance would be more suitable
  • Coverage Gaps: Missing critical riders like accidental death or disability coverage

What you'll Receive?

  • Detailed Policy Assessment Report
    • Coverage adequacy analysis with recommendations
    • Premium comparison against market rates
    • Charge structure breakdown for investment-linked policies
    • Surrender value calculations and tax implications
    • Performance analysis for endowment and ULIP policies
  • Honest Recommendations
    • Whether to continue, modify, or replace your current policy
    • Suggestions for optimising coverage and reducing costs
    • Alternative policy options if current coverage is inadequate
    • Rider recommendations for comprehensive protection
  • Action Plan
    • Step-by-step guidance for implementing recommended changes
    • Timeline for policy modifications or replacements
    • Tax-efficient strategies for policy transitions

​How to get your Free Review? Simply fill the form

Simply provide us with your policy documents and fill the basic information below. Our experts will analyse your coverage and provide you with a comprehensive review within 3-5 business days. No appointment necessary - submit your details online and receive your personalized report via email, We are happy to get on a call once you receive your email.

Documents Required: Policy document copy

Start making informed decisions about your life insurance coverage today. Get your free policy review and ensure your family's financial security is properly protected.

Regards,

Honvest Team.