FAQs 120 views October 22, 2018

Term insurance plans are available both online and offline. Term insurance is the purest form of insurance, and thus, an increasing number of people are considering the idea to pay for it. With the internet becoming more pervasive, and E-commerce playing a determining role in our lives, online insurance web aggregators have now made it possible to compare various term insurance plans and buy them as per requirement.

Buying term insurance plans online means that one does not have to pay extra for administrative costs or bear the expenses of intermediaries involved in the process. This makes online term policies cheaper than their offline counterparts by nearly 40 percent. With the added advantage of reduced servicing costs, online term life insurance plans offer a higher amount of sum assured at comparatively much lower premium rates.