Prices Increasing Soon
Buying a life insurance policy like term insurance plan has become quite a simple task with the evolution of digital services. Though, most of us are unaware of the facilities available that can make buying term plan affordable and convenient. Insurers have changed the features to ensure a long term relationship with their customers.
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
By clicking on "View plans" you agree to our Privacy Policy and Terms of use
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
Let’s discuss how insurers have made the buying experience of a term insurance plan easy, yet effective.
Term Plans
Insurers have provided various digital platforms to make it easy for customers to explore various life insurance plan option online. They offers well-organized and comprehensive information on the different types of life insurance plans and their features. Additionally, online tools are also offered that allow you to buy and manage your policy conveniently. When you buy a life insurance plan, such as an online term insurance policy, the process is simplified and offers the following benefits:
Structural Details: When you seek to buy life insurance online, you check for a structural details of the available life insurance bplans to understand the features of the policy. A comprehensive description will help you identifty the key features and benefits of different plan options, allowing you to compare them before making a purchase decision. This is how you can evaluate the plans based on the their costs and make an informed decision.
Buying Add-ons: When buying life insurance plan through an online platform, you can also explore various add-on rider options and easily include them in your life insurance plan. After choosing your life insurance plan, you can review the different term riders and add them according to your needs and budget.
Life insurance online premium calculator: You can also use the online premium calculator to calculate the premium you have to pay for the term insurance plan based on your financial requirements. The term life insurance quotes will depend on the sum assured, policy term and the optional riders.
Using term insurance premium calculator, you can try different combination based on your income and affordability to get the most right premium. Based on the value provided in the term insurance calculator, you can re-organise your expenses to use the income for your financial benefit maximally.
Paperless: When there was no online support available for buying life insurance, people had to carry various documents to the insurer’s nearest branch and fill out the form and the documents for successful verification and acceptance.
Different Modes of Online Payment: With advancements in technology, purchasing life insurance online has become more convenient, offering various payment options. You no longer need to withdraw cash every time you need to pay your premium. Instead, you can use net banking or mobile banking applications to make online payments. These methods are simple, secure, and fast, making the transaction process easy and efficient. Keeping track of your payments is also easier, allowing you to manage your finances effectively.
Easy to Manage Account : When you purchase term insurance online, managing your account and policy is hassle-free. You'll receive timely notifications for policy renewals, ensuring that your term plan remains active without any lapses.
Details about After Sales : Buying a term plan online also ensures prompt after-sales services. For instance, if your nominee needs to claim the death benefit due to your unexpected passing, they can easily track the claim status online. This transparency allows them to monitor the claim processing time and, if necessary, contact customer service to resolve any issues that may arise, ensuring the claim is completed and the funds are received promptly.
Cost-Effective: Purchasing life insurance online is also highly cost-effective. You avoid expenses associated with traveling to a branch office multiple times, along with the related paperwork and payments. Overall, buying term insurance online is a cost-effective, time-saving, and effortless process.
Secure Your Family Future Today
₹1 CRORE
Term Plan Starting @
Get an online discount of upto 10%#
Compare 40+ plans from 15 Insurers
Insurers have created online platforms to make purchasing life insurance easier and more beneficial. Buying term insurance online allows you to understand policy features, use premium calculators, avoid complex paperwork, and make cost-effective transactions. It's quicker, simpler, and more secure than traditional methods. When buying online, choose the right insurer to ensure timely benefits and stay committed to the plan for the long term.
Note: You should also check the term insurance benefits if you are planning to purchase the term insurance plan.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
Life insurance fraud is a financial crime that can be committed
Read more
High net worth individuals often opt for life insurance plans to
Read more
“Policy Bazaar insurance clarified the term policy for me, so
Read more
“I recently bought an HDFC term plan and it is the best
Read more
The life insurance policy in India is a type of life insurance
Read moreInsurance
Calculators
Payment Methods
Secured With
Follow us on
