In this era of digitization many of us are dependent on online stuff. Right from buying daily chores to home appliances to furniture everything is just a click away. Inspite of so much modernization why do we still rely on agents or middle men while buying life insurance policies? Its time to bring a change in the thought process of our nation. Buying a policy online is a blessing. The features, prices, benefits etc all can be compared under one roof. There is 24/7 online assistance regarding payments of the policy, claim settlement etc..as well.
As a human tendency we do not feel the urge of having one until we experience any kind of uncertainty. Poor lifestyle can lead to problems like stroke, high blood pressure etc..making us fall for a disease. Insurance companies have come up with attractive plans in the policy market. Before you and your dependents undergo a severe economic crunch it is better to secure it with a life cover.
1. Provides life cover - The importance of buying a Life Insurance lies when it provides you with your death risk for a specific period or throughout your life. The main goal of an Insurance policy is to provide life cover.
2. Peace of mind - The first thing that comes to your mind when in trouble is how to protect your family from any unwanted situations. A Life Insurance Policy will keep your family secure in such unfortunate events. Thus providing you freedom from worry.
3. Financial security to your family - It helps your family by not going through a state of deprivation by keeping them financially secured. In case of a mishap or sudden death of the policy holder the life insurance company pays the sum assured to the nominee.
4. Tax benefits -The premium amount you pay for a Life Insurance Policy is exempted under section 80C of the Income Tax Act, 1961. This is one of the tax saving tool according to the financial consultants.
It is completely safe and secure to buy a policy online. It is fast and cost effective and requires minimal paperwork. Meeting agents is time consuming but going online saves your time and you purchase a policy at your preferred time and at a comfort of your place be it home or office. You can compare and choose amongst the best of the best policies. You get first hand information directly from the policy company. Agents may not have the required information or might skip it for his/her benefit and may end up selling one which may not be of your relevance. Buying through any intermediaries increases the cost of the premium as their commission is included in it. You can totally skip this additional cost. The survey assures that going online can save you big bucks by discounting your premium up to 70%. The ratio of mistakes while filling the information in the form manually by the middle men is reduced exponentially. This keep you hassle free at the time of claim settlement. One can customize policy plans suiting your needs as it cant be don’t offline. The claim settlement ratio is an important factor which cant be ignored. The agent may not give or can misguide you of such crucial information. But online reviews may surely add to your knowledge and influence your purchase.
Online purchase has many advantages on it’s side than offline.
Hope that you all have got the clarity about which way to go while choosing a policy.
Health Insurance for Smokers - The fact of being a smoker amplifies the health insurance premium for smokers as compared to non - smokers.
Critical Illness Cover - Understand some of the important reasons why you definitely need to include a critical illness rider along with your term insurance plans
Life insurance can be combined with investments and many life plans allow you to do that. Check 4 Types of Life Insurance Investment Plan You Can’t Miss.
Term Insurance - Are you planning to buy Term Insurance? Check 5 Common Mistakes to Avoid While Purchasing Term Insurance Plan
We usually hesitate while buying a term insurance plan. Read 5 Myths about term insurance plans that you should not believe.
Life Insurance is important to be considered by every individual. Here are the 5 Things you Can’t Miss to Know about Life Insurance Policy.