In this digital era when everything is moving online, life insurance is no different. Along with the usual benefits like 24x7 availability, convenience and speed, online insurance makes a lot of sense. Here is why:
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.
Facility to Compare and Choose
All major life insurance companies in India now offer online term insurance plans. As a buyer you can easily access a wealth of informative articles, calculators, case studies, educative videos, customer reviews, etc., to learn about the features and benefits of various offerings, compare policies, and take informed decisions.
Speed and Security
When you 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.