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26 Sep 2020, Edition - 1901, Saturday

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5 Reasons Why You Shouldn’t be Sceptical About Buying Insurance Online

Covai Post Network


Gone are the days when you had to stand in long queues for paying bills or booking tickets. Nowadays, everything is possible online. The advent of digitization has made our lives beyond convenience. Not to say, it saves both time and effort. Same as for insurance. These days you can buy an insurance policy in a click at the comfort of your home.

Despite the endless benefits the online world offers, you may still refrain from buying things online. However, there is no reason to fear the internet with the evolution of cybersecurity. You can now make safe payments through online transactions worry-free. There are now many insurance companies available that offer online term insurance plans with more significant benefits than buying one through offline sources.

Here are some of the many benefits of buying term insurance plans online:

1. Cost-Benefit

Buying insurance online means you are in direct contact with your chosen insurer. When you look for online term insurance plans, you will see that the premiums are lower in comparison to offline methods. This is because insurance companies eliminate the agents who work on a commission basis while selling the policies online. The insurance company hands over the cost-benefit to the buyer. Also, the entire process is completed virtually with no use of paper, reducing further costs.

2. Informative

The Internet is full of information. You can make a well-informed decision by learning about the features of different online term insurance plans. You can easily compare the pros and cons of insurance plans and choose the best online term plan according to your needs. Whereas, buying a policy through an agent may increase the chances of misleading you into buying insurance you may not need. Buying online term insurance plans ensure reliable information as there is no third-party intrusion.

3. Prompt Services

Another advantage of buying online term insurance plans is that it has a quick servicing channel on top of timely sales. You can avail of the online services, including downloading the policy document or brochure, prompt insurance quotes online, policy renewal, payment of the annual premium online, tracking of investments and claim settlements. You can do all this much faster than actually visiting the insurer.

4. Access to Online Reviews

Online reviews are the best way to learn about your insurance company by previous customer’s experience. You can have access to reviews to make sure you are making the right decision. You get exactly what you see online so that you get maximum protection without having to worry about claim denials that often arise due to mis-selling.

5. Customer Support

Insurance companies that offer online term insurance plans also provide 24/7 customer service. Nowadays, websites have a live chat option for your assistance that answers all your questions and gives clarity of thought. Also, you can talk to their customer service executives telephonically regarding any query for a deeper understanding.

With the right amount of information and assistance, you can get complete protection for you and your loved ones. Online term insurance plans from reputable insurers such as Max Life Insurance takes care of your family in times when you are no longer around. It also helps you save tax under Section 80C, 80D and 10(10D) under prevailing tax laws. Nobody can predict the future. It is crucial to stay prepared for the uncertainties of life. Term insurance calculators are also available to help you calculate premiums for better management of funds. There is no doubt that the internet has made our lives simpler; however, it is your responsibility to gather the right bits and choose what is best for you.

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