People in India have traditionally a restricted interest in life insurance. The reason can be many for such selective keenness on having a life cover. However, the scenario is changing as awareness is spreading; people buying life insurance is on a continuous rise. The rise is the number of nuclear families can be a big reason why people are more interested into getting life insurance
as an earning person in a nuclear family’s life is highly important for the rest of the members as he/she shoulders the expenditure of the house mostly handedly.
In plural families the immediate dependents of the dying person can still be taken care of to some extent. More changing times have shifted the psychology of community living away from our society. Thus, people know that there would be no one to look after the family behind his back. Thus, people prefer being self dependent, it is a good thing. Ne should never let his beloved family to be burden on someone else. Their honor and dignity would be protected if one takes ample measures to secure them financially against one’s untimely and unfortunate death.
The sudden growth in the usage of internet has also propelled mass awareness and more people are getting connected to this supreme source of knowledge. The exposure to internet has uplifted peoples thinking and planning process. It is because of internet that more people are getting to know about the importance of insurance by reading testimonies of people or videos of life management experts. Like other things insurance policies can also be compared, researched and bought online. With a click on the computer one can buy or renew insurance plans after effective comparison online. Online purchase often saves a lot of money also as no involvement of middlemen is there. Also, online plans offer more Coverage
than their offline counterparts.
Comparing insurance plans on specialized insurance comparison websites and getting reviews on social platforms on the internet can help you select the best plan for you. While, comparing online there would be no pressure from anyone and thus, you can do your research independently and conveniently. There are many positives to go for online plans, however, the absence of an agent or advisor puts the complete onus on your to do your research thoroughly. Life insurance plans are there to protect the future of your family and thus, there shouldn’t be any scope of Lapse
on your part. A substandard insurance product from a company with dubious reputation can be risky. Thus, you need to be sure that you can use the internet effectively and you know where to search and compare plans.
However, the online transactions are safe and well documented. A person who can read and understand well should be able to make a good purchase over the internet without any trouble. The processes are becoming more and more user friendly; increasing number of people buying insurance online is testimony to the fact that purchasing insurance online is safe and an upcoming trend.