With the increasing access of smartphones, laptops, tablets etc., the whole world is going digital. Sensing the needs of customers, insurers are rapidly opting online channel for distributing wide range of insurance products. Be it “Health Insurance, Motor Insurance, Term Insurance“ or other financial plans, you can buy any of these with a finger click. It’s as simple as you do online shopping. Some people still feel skeptical of buying policies online. They might be scared of losing their hard earned money or mis-selling. The online channel of insurance distribution is safe and cost effective. We will tell you few points to change your perception of online insurance and it is nothing to get afraid of it.

Low Premium: There is no mediator or agent involved in buying an online insurance policy, the insurer saves the commission money and it can be shared with you in the form of low premium. The online policies require minimal documentation and management expenses. The insurers share all these saving with their customers. Despite low premium, all other benefits under the online policy remains same as it is in the offline policy.

Easy to Buy: Insurance policy can be bought in a single go on your laptop or smartphone while sitting in any room of your sweet home or from your workplace. The onus is on you to select a suitable product as per your requirement and budget. You can educate yourself with comparing quotes and benefits provided by all insurance players present in the market rather picking a policy from limited options with an agent. It is always suggested to do thorough research before buying an insurance policy.

Easy to Manage Policy: The most important edge of online channel is to manage the policies without papers and electronically over offline policies. These insurance websites facilitates you to view your old policies even bought offline. They have their online chat forums to address the customer’s complaints instantly.

Easy to Renew: The websites are not limited to buy a plan only, you can also renew your existing online insurance policy using your debit or credit card or net banking.

No fear of Mis-selling: In previous times, there were several cases of insurance mis-selling. Opting these online channels, you can yourself choose the best suited plan as per your needs after going through benefits and rates of all kinds of plan.

No Fear of Losing Policy: When you go for an “Online Insurance Policy“ your every detail is electronically stored in the insurer’s database, so you do not need to worry about losing the physical documents. It helps you to access the policy anytime, anywhere and you can download your policy related information from the website of concerned insurance policy.

There are host of benefits that you can enjoy while buying an online policy as it is more convenient and easy way. It is always advisable to compare policies online and never forget to read the policy features and benefits prior opting for it.