Life Insurance 297 views January 6, 2022

Life Insurance Plans help you secure your loved ones in case of an unfortunate event. And while buying the same, you would most likely consider premiums and coverage. We all like to invest strategically, and when it comes to life cover, you can find many great offers in the market. But to narrow it down isn’t easy. That’s why you should buy a life insurance plan online. Why? Because it gives you a rough idea of the plans available in the market and makes it easy for you to compare. Let’s read this page below and know about the benefits of buying a life insurance plan online.

Advantages of Purchasing Life Insurance Online

The following are some of the benefits of buying a life insurance plan online –

Easy to Compare Life Insurance Plans

In today’s digitization era, you can find any insurance plan of your choice with just a click. And not only that, you can even check the plan details and compare them with that of other alternatives to see which one offers you better coverage at an affordable price.

Lower Premium Amount

In an online purchase, there are no agents who will charge you extra money, so that’s your pro of buying the plan online. Plus, if you buy life insurance in your 20’s or 30’s, you can get a low premium on your coverage. Why is it so? Because in comparison to the elderly people, millennials are likely to be healthier and there is less risk of death.

Buy an online life insurance plan and save money on premiums. Because there won’t be any distribution and processing fees that you need to pay in an offline purchase.

Online Reviews for Better Analysis

You can check the online reviews of the previous or existing customers of the insurance company and see what their experience is like. Based on that, you can see whether the insurer is suitable for you or not.

No Intermediaries

Buying a life insurance plan online means you do not need to meet an agent or visit the insurance office to get the policy. Just visit the insurer website, compare plans and click on the ‘Get Quote’ button. Not only you’ll get access to all the details you need to make an informed decision, but this also makes purchase easy.

Easy to Track the Policy Status

In an online life insurance plan, you can track all your activities and make sure that there are no errors. Whether you need to file a claim or check the status of your fund growth, you can do all this by just logging in to your account.


The insurance company allows you to complete the KYC formalities with minimum paperwork and zero hassles. Just upload the required ID and residence proofs online and click on the ‘Submit’ button. After the successful verification process, you’re ready to go!

Online Life Insurance Premium Payment is Hassle-free

To pay the premium for your life insurance, you can use the insurer’s online services like ECS, Direct Pay, etc. So, the payment won’t become due and the benefits remain the same. To pay the premium online, you need to log in by providing your policy number and other details like your date of birth. Upon login, you will need to choose any of these premium payment options – debit card, net banking, UPI, etc.

Customer Support Service Available 24X7

You can contact the insurer online and resolve any query that’s bothering you while purchasing the plan. And this service is available to you even after the policy purchase. So, if you find it difficult while claiming, making a partial or full withdrawal, contact the insurer on their toll numbers.

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