Understanding the plan
Every individual has to understand the plan well so that he might not be unaware of any fees are payments those were mentioned in the policy. As insurance policies require regular payments it is advised to make sure the individual knows the plan in detail before starting to invest.
Plan that matches the needs
Under traditional plans there are different plans like child marriage, child education and pension plans. It is vital for the individual to understand the policy and its purpose. As different plans have different pay-outs.
Once the policy has been taken, the policyholder has to make regular payment. If the policy got lapsed the policyholder has to pay the total unpaid premiums and 8-9% penalty with the accrued amount.