Online Insurance – 5 Myths About Buying in India

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Insurance Plans
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Online Insurance 5 Myths About Buying in India

• You must have at some time or the other bought a
  product or service online. These days it could be
  any out of a movie ticket, a train or air ticket,
  a book, clothes and even groceries. Then why not
  insurance? you may ask. Well, some of us are
  still not comfortable because even today,
  insurance, unlike any of the products/services I
  mentioned earlier, is largely a product which is
  sold and not bought.
• 1. It is not easy to understand insurance
  products online
• This is completely opposite of the truth. In
  fact, insurance products are better understood
  online because they are shown transparently.

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• When insurance is sold by an intermediary (agent,
  banker, broker, etc.), they showcase the product
  in a way that will make the customer either buy
  the wrong product, or buy it without telling all
  the features of the policy to the customer.
  Online insurance products, on the contrary,
  become easy to understand.
• 2. Nobody will help me if I buy insurance
  directly
• Again, completely opposite of the truth. When you
  buy offline, yes, you would have an agent to help
  you but most agents are ill-equipped to answer
  your queries immediately. They typically get in
  touch with their company and check with them.

Especially when you buy online, it is very easy
to compare insurance plans from various
companies. If you try to do it offline, you have
to physically check and understand each product.
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• 3. Family may not get the claim if I buy online
  insurance
• Not true. The way you buy has got nothing to do
  with the way a claim is processed. The claim
  depends solely and entirely on what you have
  mentioned on the application form (physical or
  online) and medical test (if any).
• 4. My information is unsafe if I give it online
• When you use a physical application form, the
  information can actually go anywhere
  intentionally or by mistake of the agent carrying
  your form. You may also hesitate to mention
  certain confidential information that is
  important for the issuance of the policy.
• 5. Online insurance payment is difficult and
  risky
• Payments are as good or not as any other product
  that you buy online. No insurance company takes
  your information directly.

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And remember, Online Insurance is the Green way
to buy! No paper, no traveling, all from the
comfort of your home, making it a
nature-efficient way to get protection for your
family, your familys health, your car, your
house, your travel, etc. through online insurance
products.
Source http//healthinsuranceplanindia.blogspot.
in/2016/04/online-insurance-5-myths-about-buying.h
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