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In this era when everything is online, life insurance is no different. Along with the usual benefits like 24 x 7 availability, convenience and speed, online insurance makes a lot of sense – for the buyers as well as the insurance companies. Here is why:

Lower Premiums

Research shows that in some cases, online term insurance plans can cost up to 40% lesser than offline plans with the same features and benefits. One of the key factors that influence cost is the absence of an insurance advisor (and hence savings on the distribution costs and commissions). In addition, savings from overheads (documentation, logistics, stationery, etc.) are also passed on to you. Further, for the insurance company, an online buyer represents an educated, well-informed and responsible individual. This can also lower the premiums.

Facility to Compare and Choose

All major life insurance companies in India are now offering online term insurance plans. As a buyer you  can easily access a wealth of informative articles, calculators, case studies, explainer videos, suggestions, etc., to learn about the features and benefits of various offerings, compare policies, and take informed decisions.

Speed and Security

When you choose to pay insurance premiums online, you can choose from a whole host of fast and secure payment options like net banking, debit cards, credit cards and more. Because all payments are instantly processed through a secure gateway, you are ensured peace of mind. The payment process is quick, hassle-free and provides an instant online receipt. This is especially ideal for times when you need to quickly furnish documents for claiming tax exemptions.

While buying a policy online offers all these benefits, caveat emptor (buyer beware). Feel free to contact the insurance company through its online/ on phone assistance channels for any doubts. Ensure that all your concerns are addressed before you buy that term plan..

Max Life Reasons To Buy Term Insurance Online
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  • Choose Cover Option

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    We advise you to choose an option as per your need. Do go through the basic features of all the three options before making a final decision.

  • Gender

    Tips

    Your gender is an important factor in deciding the life insurance premium as it is directly related to life expectancy

  • Date of Birth

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    You must be between 18 - 60 years of age to be eligible for this policy. Please enter your correct date of birth in order to get an accurate premium amount.

  • Tobacco Consumption

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    Choose yes if, in the last three years, you have consumed any Tobacco/Nicotine products which include Cigarette, Beedi, Cigar, Gutka, Flavoured Pan Masala, Khaini, etc. If not then you are classified as a non smoker.

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