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Top 5 Benefits of Buying Insurance Online


The growth of internet penetration in India has also seen a marked rise in a new trend, online shopping. For the tech-savvy generation, buying products online has become a way of life. While we may be buying our books, shoes, and clothes with a click of the mouse, how many of us have shopped for insurance online? When we think of insurance, the first thought that comes to mind is that of an insurance agent droning on and on about the benefits of the policy. But with so much information online that provide a detailed comparison and understanding of the different plans, people are quite comfortable deciding on the plan they want and buying it online. Buying online insurance is not only convenient but also cheaper and much faster.

Online insurance in India is growing steadily and many people have opted to buy and renew their insurance policies using the online route instead of traditional offline channels. In this article, we list some of the key benefits of buying insurance online.

Advantages of Buying Online Insurance in India

 Make an Informed Purchase Decision

The best part of online shopping is that you can access all the information about the plan, its features and the terms and conditions on the site. This ensures accurate information and allows you to make a more informed choice. With the increasing number of customer forums and sites, people can also get a track record of the company i.e. the financial records, the claim records, and so on. Moreover, the ability to compare the policies using online premium calculators help you find one that fits your needs and budget.

Get the Cost Benefit

Since you get to buy directly from the insurer you save on the commissions of the distributor. Moreover, the lack of paperwork also saves on the cost of paper. The lack of these add-on costs being factored into the purchase ensures that the premiums for online plans are cheaper.

 Fast, Easy and Convenient

Whether you want a health insurance or a motor insurance, there is no need for waiting in long queues for quotes. Online insurance shopping is easy and convenient for people with hectic schedules who can compare, find and pay for the best insurance product for their needs. For example, if you are looking for car insurance online in India, you can compare the quotes by various insurance companies, choose one that you want, fill in your details and make the payment. It is that simple! The online application process is smooth, and a secure payment gateway ensures fast and simple access to online insurance.

Immediate Access to Digitally Signed Policies

Unlike traditional means of buying insurance policies where you have to wait for the printed documents to arrive, online insurance ensures that you get your digitally signed documents as soon as the payment process is completed. You thus have an immediate investment proof and instant coverage. So if you have bought home insurance online in India you are sure to get instant coverage as soon as you pay for the policy online. The online issuance of the policy also means that you get easy access to the documents whenever you want.

Advantage of Automated Servicing and Assistance

Other than buying the policy online, you also get a host of other features like renewal reminders, facility for payment of online premiums and renewals, and online claims process. If you need clarification, then live chat facilities with experts can help in resolving your doubts.


For buying health insurance online, click here.

If you are traveling abroad and looking for a policy to cover your needs, then click here to buy travel insurance online in India.

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Published on:31 Jul, 2014

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