Term Plans: Benefits and Positives of Purchasing Online

The number of Internet users in India grew from 205 million in October 2013 to a whopping 354 million by the of June 2015, according to a report by the Internet and Mobile Association of India. We now have more Internet users than the entire population of the US, second only to China in the number of internet users! With growing Internet penetration has come a plethora of services that we can now enjoy without ever have to leave our chair. From shopping to paying bills and even banking, the ecommerce space is only slated to grow. This is good news for insurance seekers as well, with the different companies vying with each other to offer better and simpler online services and products for the consumer. But does it really make sense to buy an online term plan?

Why Buy Term Plans Online

Online term insurance offers a wide range of benefits, such as:

* A simple process: It was never easier to research, compare and make an informed decision regarding your insurance needs and solutions. All you need to do is visit the website of the insurer of your choice, read up on the products, use the insurance calculator to make an informed choice, fill in a simple form and make an online, secure payments. That is all.
* Informed decision: This is possibly the most important advantage of an online term policy. You get to weigh all the information for yourself, rather than being swayed by what an agent might be interested in selling. You can chat directly with the company’s representative, either via email or live chat, or even a phone call. You have all the terms and conditions laid out in detail, so that you are not taken by surprise at any point. You can even check on the feedback of existing customers to get a better idea of what works.
* Low cost, high sum assured: Did you know that you could expect to save 30% to 50% on the premium payments when you buy online term insurance plans? Term plans are the cheapest life insurance type to start with and when you buy the policy online, you are likely to make added savings. This is because in the virtual world, the insurer saves on overheads, such as infrastructures and agent commissions. These savings are then used to reward consumers with lower premiums. You can also look for special offers and discounts online.
* Smoother application & claim processes: Not only are you saved the hassle of travelling to a physical office, standing in long queues and wasting a lot of time and effort, you are get a simplified form to fill. This is true for applying for a new online term plan, renewing an existing plan and for beneficiaries to claim death benefits. The processing time is also shorter, with lesser possibility of human error.

About the Author(Article Source: http://www.artipot.com)
Shaheen is a writer by profession and covers various topic, Health, Insurance, Finance, SEO… One of her written work in mentioned above on online term plan benefits.

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