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Do you know Your Online Insurance Premium can be much lower than the premium for the same cover offline? The fear stands as an obstacle to customers from buying term insurance online. There are eight common myths about online term insurance that people have been following for long. It is a sincere effort to bust the myth and let our readers know how convenient it is to buy term life insurance online. The icing on the cake is the low-cost guarantee. When you have the opportunity of investing less and gain the same benefits, why spend more? To clear the air about online insurance, you need first to address the eight superficial reasons owing to which people avoid online term insurance plans.
1. Difficulty in Understanding the Product
Most people have answered that they face difficulty in comprehending the product well from an online source. They feel that human touch is missing and that they may miss on vital points about the plan. Choosing the best brand of insurance, you get constant support from the online and chat support executives. You will get answers to every query.
2. Not Technically Sound to Buy an Insurance Online
Some believe that one must be a tech geek to buy insurance online. Well, you need to know the basics of computer and the internet to buy the chosen insurance plan online.
3. Lack of Assistance
Online does not mean you are all by yourself. Insurance websites have assistance available. In fact, you also get 24*7 assistance if you are at the right place. It may not be right at all; however, online help is available for every online insurance product.
4. Few Plans Available Online
No matter how much we develop as a country, our insurance literacy still needs to improve. Some people always follow that buying from a person is better than buying online. They feel options are less online. Additionally, they think that not every plan is available online. They believe that only insurance agents have access to all the insurance products available. All the products that you can find with an insurance agent, you see them online too.
5. Online Insurance is Costly
It is in fact, the other way around. You avoid middlemen or insurance agents who get a commission in return. You avoid paying extra charges.
6. Fear of Online Card Fraud
It is a fear that is quite dominating. No one wants to lose his or her hard-earned money in a few clicks. SSL certified servers that the insurance companies use, keep your details safe. You need not worry even a bit about online fraud.
7. Inconvenient Claim Settlement
Claim settlement is the goal of every insured person or family. The procedure of claim settlement online and offline is the same. There is no difference. In fact, it becomes even more convenient when you upload your documents from your comfort zone and within a few clicks, apply for the claim settlement. In a few days, you get the result. There is no wait time!
8. Misuse of Personal Details
People fear the misuse of personal details online. With so much online fraud happening, the fear is rational. The security arrangement is highly reliable. It should not bother you anymore. Hacking of the insurance sites is next to impossible. Insurance companies are concerned about their customer details and ensure that no such fraud takes place.
With digitalization seeping in, sticking to only offline mode can create inconvenience at times. The idea is not to force you to buy online term plans only; however, to educate that there is another way of obtaining insurance that can save your time and money. What if a person from a village wants to buy an insurance plan; however, lack of transportation facility does not allow an insurance agent to reach out to the potential insurance buyer. In this situation and maybe many others, a person only has access to the internet; an online insurance plan can be the best pick. The process is simple and demands minimal paperwork. If this article helped you in learning about the online insurance myths, choose the best term plans from Max Life. We have some of the most highly acclaimed term plans for our customers.
ARN:- JuneBG/F/20