Myths and Facts when Buying Term Insurance Online

Fact: Most insurance websites are extremely user-friendly and interactive. If you have all the information handy, filling up an insurance proposal form online takes less than 20 minutes.

Simply log on to a site like www.maxlifeinsurance.com and start by exploring Term Plan options and creating a free quote. All the information you need to make a decision is easily available.

Fact: The claim process for both offline and online term life insurance, is the same. Insurance companies offer multiple touch-points through which you can intimate them about the claim. You do not need to rely on any intermediary for the same.

Fact: You don't need to be Internet savvy, just Internet literate. You only need to have basic computer and Internet knowledge, like how to log on to a website, fill an online form, make an online payment, and upload documents. The websites are self-explanatory and the navigation is simple. You can also find supporting FAQs section to help you through the process. Also, at any point, you can contact a customer service professional, through a toll-free number.

Fact: On an online platform, you have the freedom to check all the available insurance policies, and pick the one that suits you best. You can use compare features available online to get a detailed, feature-by-feature comparison for the plans you choose – a facility that might not be available offline.

Fact: The websites of insurance companies are built to comply with the Industry standards of Information security. For example, Max Life Insurance has maintained a standard which is consistent with the International Standard ISO/IEC 270001 on “Information Security Management System”. The company regularly updates its security policies and security measures to ensure a high level of security at all times