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We are living in a world where online services are getting popular at a phenomenal pace. At times, people were reluctant to buy products or services through online mode because of their apprehension. But now, more and more people, especially from urban areas are getting comfortable with online purchasing. Thanks to the enhanced security measures provided by online payment gateways.
With time, online insurance services are also becoming quite popular. Given the kind of information, websites are providing to people, it really helps to make an informed decision. The insurance market is huge and after private sector participation, a number of private companies are providing life insurance services. More than often, it is not an easy task to arrive at a decision to buy life insurance and you get perplexed whether you are making a right decision or not. When it comes to online services, you are able to compare and zero-in on the best life insurance Policy for yourself.
As regards any apprehension and uncertainty on buying online policy, you must keep a few points in mind. Online insurance plans offer a number of advantages to people who are tech savvy and well informed for taking a right decision. From insurer’s perspective, it eliminates need for an agent and thus reduces sales and distribution costs to a considerable extent. On the other hand, Policyholder enjoys transparency which is many times not there in dealing with agents who are biased towards certain products due to their own vested interests.
If you are dealing with an insurance aggregator site, to be on the safer side, it is always good to cross check whether information provided on their websites is up to date. Before making an online payment, you should make sure that the website has necessary security certificate. This certificate ensures that the credit card/debit card information you provide on the internet is sufficiently encoded and does not get hacked in any manner. Last but not the least, keep a screenshot of online payment providing details of transaction reference number etc.
In the first place, you should buy a life insurance plan from a credible website. Online insurance plans are safe as long as you are dealing with credible websites. These days a large number of online insurance sites have mushroomed and you might end up getting baffled by a dubious one.
If you buy online insurance plans, you get the benefit of instant updates while offline purchase takes time with respect to logistics and physical transfers. If you are not comfortable with making instant, online payment of premium, then you can opt for an option for paying the Premium through cheque mode. Also, you can call up the insurance service provider customer care center to confirm whether your provisional account has been opened. Needless to mention, that you are expected to write a cheque in the name of insurance company only and not in any individual’s name or any other company for that matter.