Advantage of buying insurance online is convenient, fast and usually cost you lesser. Over the last few years, the insurers have understood the potential of online channel and have introduced the entire product range-from life to health, motor and travel-available on the net for the consumers. Just with a click of a mouse you can buy from any insurers at any point of time.
Advantage of Buying Insurance online is as follow
The policy premiums are less compared to an offline distribution channels. The reason being the customer buys directly from the insurer; which led to savings of the distributor’s margin (or commissions). Also, the entire process is carried in the virtual world and is paperless, reducing the costs further. These savings are usually passed on to the customer in the form of lower premiums.
Customer makes an informed decision:
The biggest benefit of online platform is that it one makes an informed decision as compared to being victim of hard core sales pitch. One usually compares insurance plans on the aggregator sites, such as Policybazaar.com, MyInsuranceClub.com and Easypolicy.com and can weigh the pros and cons and then buy the policy that suits your need the best. Moreover, one can check the reviews and comments section from consumers on the policy as well as insurance provide to know in advance whether company is consumer friendly or not.
The online platform is not limited to sale. It is a prompt and efficient servicing channel for existing policyholders’, regardless of whether you buy online or not. Also, it’s a convenient channel to pay for renewal premiums as one need no to visit insurer office and stand in a queue. In addition, one can always download insurance documents and cards to avail it in times of need of claim filing. Thus, one need not to depend on anyone and are self-sufficient. Moreover, the processes are hassle-free and you can complete a transaction at a much lesser time.
Hope above highlighted advantage of buying insurance online gives you the correct picture of which channel is more beneficial for you to buy a policy.
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