Why Buying Insurance Plan Online is More Convenient?

by Sanjay Nandy Digital Marketing Manager

The advent of the internet and mobiles has made buying of almost all products or services online. But, very few of us have ever thought that we could buy insurance plan online! Even though banking and financial services are experiencing rapid digitalization, insurance policies are something that people find reliable to buy after physically interacting with a salesperson or agent of the insurance company.

There are a lot of things such as term or tenure, coverage, benefits, premiums, claim settlement, etc. that a person needs to learn before buying a policy. Besides, there is a need for documentation. The person buying the insurance has to provide everything in documents from Id proof, license (if it is a car or bike insurance), address proof, etc. Thus, most people think that buying insurance is always an offline affair. However, buying it online is quite possible. In fact, it is more convenient than buying it from a company’s office. Here, we will tell you why!

5 Reasons Why Buying Insurance Online in India is Convenient Than Buying Offline

Lots of options

Did you know that there is an abundance of policies or plans available for every type of insurance? Well, you may not know about it because companies generally provide you with one or two options when you visit them for buying a policy. In contrary to this, you can get a wide range of insurance policies, each with different benefits, terms, and coverage. Then, there are add-ons too!

Thus, you can easily compare and choose the plan that perfectly suits your financial ability and meets your needs.

No regional limits

While purchasing an insurance policy online you never have to worry about the location and proximity of the company’s office or branch. Even, if you stay in any remote area, you can buy the policy online through the website of the company. This is truly the best advantage of buying a policy online as you do not have to think about geographical barriers and can get the best policy.

Simple and instant procedure

With the online system, buying an insurance plan is hassle-free and quick. You are not required to visit the company’s branch several times to enquire about the terms, submit the documents, get the policy paper, pay the premiums, and for other official requirements. However, everything happens with just few clicks when you buy a policy online, starting from application and document submission to payments and claim settlement. Once your personal email id is registered in the buying process, you will receive the policy in your mailbox.

Transparency

The agents or salesperson sitting at a branch of the insurance company may hide or forget to provide some important information about the policy. On the other hand, while purchasing online you can get all information regarding terms, coverage, etc. of the policy because everything is clearly presented on the website. So, there is absolute transparency and you can make an informed decision regarding the purchase.

Security

Buying a policy online is as secure as you want it to be. But, always just make sure that you are buying it from a reliable and well-known insurance company. They always use secured connections and payment gateways to safeguard the financial credentials of their customers.

These are the apparent reasons that justify why one should buy insurance plan online. It is not only easy, instant, and time-saving but also more viable because you can choose from a lot of policies. Hope this article provides you with a clear idea of buying insurance online and will help you to make the right decision.