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In the past decade the usage of internet has grown exponentially. The expanse and Coverage of internet has spread far wider. As a result the e-commerce sector has seen a major boom. Every kind of goods and services are being sold and purchased online now. The insurance sector is not untouched with this trend either. Almost all insurance companies have launched their online products in the market; resultantly a debate often rises as which option to go for online mode or offline mode.
Each mode has its own pros and cons. Some major distinctions between the two are discussed below.
Conclusion: Online plans provide you an option to buy plans without being influenced. They are more transparent in nature and since their advent the rate of miss-selling has dropped considerably. Online plans are an initiative to check fraudulent practices in the insurance sector. With increasing internet users their scope is very bright.