Buy On­line

Consumer Voice - - Bfsi -

On­line pre­mi­ums are cheaper than off­line/those bought from agents and are quite easy to avail as well. Of late, on­line term plans have gained im­mense pop­u­lar­ity due to their easy ac­cess. Some in­sur­ance com­pa­nies are even of­fer­ing dis­counts on on­line pur­chase of term plan poli­cies as it saves com­pa­nies a lot of labour and man-hours; also, there is sav­ings on doc­u­men­ta­tion and pa­per costs. An­other ben­e­fit of buy­ing on­line is the easy com­par­isons that you can do. There are ded­i­cated por­tals only sell­ing var­i­ous kinds of in­sur­ance poli­cies from all ma­jor com­pa­nies. Th­ese por­tals al­low you to com­pare all poli­cies, have a tele­phonic helpline to as­sist you in mak­ing de­ci­sions, and then also help you in buy­ing on­line from your cho­sen brand.

No, there is no catch in it and th­ese por­tals (there aren’t many, by the way) do not charge you for their ser­vices. Their rev­enue model is the set com­mis­sion they get from the brands for each pol­icy sold through them. Con­sid­er­ing their com­mis­sions are al­most the same from each brand, they are not bi­ased and help you in buy­ing best-suited poli­cies.

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