Why You Should Consider Buying Insurance Online
However, even though online insurance purchases are increasing, there are people who are still sceptical about buying policies online. If you are one of them, it is time to climb on board and opt for such plans without delay. Here are top reasons why buying online insurance makes sense for you.
1. Lower Insurance Premiums
One of the strongest selling points of online insurance in India has been the cost benefits it has brought for buyers. As a customer, when you buy directly from an insurer through online channels, it helps the insurer save on operational costs and the commissions of middlemen. And because the entire procedure happens online and is paperless, the costs go down further. These savings can be passed on to you in the form of lower premiums online.
2. Easier to Make Informed Decisions
The online medium also enables you to make an informed choice when it comes to insurance. For example, insurance aggregators allow you to compare the features and prices of similar policies across companies online. Even insurance companies publish all the relevant information about their policies, their inclusions and exclusions, and tenure options clearly on their websites. This helps you to weigh the pros and cons of a policy and then buy the cover that suits your needs the most.
3. Convenient to Purchase
The feature that probably trumps all other advantages is convenience. You can buy insurance online with a few clicks of the mouse. This allows you to make the purchase from the comfort of your home, or while you're on the move, rushing from one meeting to the next. All you need is an internet connection and you can fulfil all your insurance needs online.
4. Automated Servicing
Insurance companies allow customers to pay premiums using their simple and easy-to-use online platforms. In fact, you can complete the entire purchase procedure in less than no time. The online mode also allows you to receive premium quotes instantly, download policy brochures, file claims, and track investments. Thus, you don't have to depend on anyone when it comes to buying insurance online.
5. Online Insurance Makes Transactions Safe and Secure
With any online insurance transaction, safety is maintained since the customer payment information is not stored with the insurer. Online insurance applications are tested to make sure that there are no vulnerabilities. Your sensitive financial data is routed through payment aggregators, and the premium goes directly to the insurance company. This rules out the chances of an agent not depositing any premium you may have paid in cash.
6. 24/7 Assistance
Insurance companies have realised the internet's potential to grow their sales. This is why they are supplementing their online sales model with communication and customer engagement options such as live chats and call centre facilities. This in turn helps them to provide instant guidance and clarification to customers. So, if you are confused about which policy to buy online, you can take advantage of this round-the-clock assistance.
Online insurance can cover you on every front without any hassle. So, set aside your fears and buy it right away! HDFC Life Click 2 Protect 3D Plus a term insurance policy is unique because it offers financial coverage against death, disability and disease-all under a single cover. It allows for legacy planning as well with a whole life insurance option.
Income Tax Slab 2021-22
February 17, 2020
Income Tax Return Guide - Details You Should Know
November 07, 2016
Best Tax Saving Investment Options in 2022 (FY 2022-2023)
November 08, 2016
Subscribe to get the latest articles directly in your inbox
14 Best Investment Options In India
October 30, 2018
Short Term Investments: Top 11 Short Term Investment Options For 2022
November 08, 2016
Insurance vs Investment - Did You Get the Right Financial Plan?
November 05, 2018
Popular & Recent Articles
How to Plan for Retirement as Per your Age
"The thumb rule for retirement planning is - the earlier you start, the more you save. However, with age, your priorities change too. So, you need to factor in the cost of living in the present vis- a -vis future."
HDFC Life Insurance Company Limited. CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101.
Registered Office: Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011. Email: [email protected], Tel No: 1800-266-9777 (10 am to 7 pm). The name/letters “HDFC” in the name/logo of the company belongs to Housing Development Finance Corporation Limited (“HDFC Limited”) and is used by HDFC Life under an agreement entered into with HDFC Limited.
For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale.
|BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRAUDULENT OFFERS
- term insurance plan
- savings plan
- ulip plan
- retirement plans
- health plans
- child insurance plans
- group insurance plans
- long term savings plan
- fixed maturity plan
- monthly income advantage plan
- income tax calculator
- pension calculator
- bmi calculator
- compound interest calculator
- term insurance calculator
- income tax
- tax saving investment options
- best investment plans
- benefits of term insurance calculator
- what is term insurance
- why to invest in life insurance
- tax planning for salaried employees
- how to choose best child insurance plan
- tips for buying retirement plan
- 1 crore term insurance
- importance of saving
- short term saving plans
- types of investment in india
- investment declaration