To Buy Insurance Policy Online the Broking Website has to be Genuine

“Buying insurance online can help you in different ways, it would help you get the best possible price quotes, and you would be spoilt with the world of options and so on and on”. These days, such statements are frequently heard, even from people who have never done anything online. So, you might be wondering - are these statements really true or just hoaxes? Well yes, if you buy insurance policy online, you actually open yourself to a world of benefits, provided you do it in the right way. How to do it in the right way? In order to get the answer to this question, you have to go through this post. Read on!

Agents are not brokers

In order to know about the insurance companies operating in your country as well as their respective products, one of the first things you need to do is find a reliable insurance broking company online. Don’t mistake an insurance broker to be an agent. With a reputable insurance broker, you would be able to compare and buy insurance policy online at your own pace and as per your requirements, unlike with agents. No third-party would persuade or force you to zero in on any particular plan.

Look for the genuine

How to find whether or not an insurance broking company is genuine and not a normal lead generating website? This question might be bothering you right now. Don’t worry understanding this is pretty simple. All you need to do is check out the following things:

• Check out if the insurance broking site allows you to pay online and receive the soft copy of your insurance policy all round the clock. Be aware of the lead generating website, as they are more likely to call you every now and them. This can annoy you to a great extent.

• Check out of if the broking portal has tie-ups with the major insurance players. Yes, reliable online broking companies do have such tie-ups. You should also check the number of policies the company is permitted to sell (from each insurance provided listed therein).

• A reliable broking website always shows unbiased results, as far as policy comparison and reviews are concerned, whether you buy insurance policy online or not. However, not all service providers are the same. There are a number of insurance comparison companies that endorse or support a specific brand. You should avoid investing via them.

• One of the most important things you should never forget that, the concept of insurance broking companies is the brainchild of IRDA (Insurance Regulatory and Development Authority). Therefore, before selecting an online insurance broker, make sure to check out, if or not it is certified by the IRDA. Only an IRDA certified insurance broker is eligible to help you with claim settlements. If you don’t consider it, you might have to face legal consequences.

• Apart from the IRDA certification, you also need to check out if or not an insurance broking website has SSL (Secure Sockets Layer) certification. An SSL secured website displays the sign of a padlock in the address bar. Be cautious – you would have to provider your personal information on an insurance broking website to buy insurance policy online. Therefore, the website should be highly secured.