PNN
New Delhi [India], September 10: The online marketplace has become quite diverse, and the insurance industry is still catching up. A survey among approximately 4000 policyholders revealed that 69 per cent prefer buying life insurance online. While the type of insurance you wish to invest in might differ, the online insurance marketplace is rising.
Are you aware of what online life insurance plans are available and how to invest in one? It’s easy and hassle-free since everything will happen at your convenience. Let’s take you through this quick guide to finding a suitable plan for yourself.
How do you think you could invest in a Life Insurance Policy Online?
As you begin your insurance plan search, whether online or offline, there are two important things you need to remember. They are your goals and financial position. Nevertheless, when it comes to investing in one online, there is a specific process that you must follow. Here is what investing in online life insurance looks like:
1. Start by going through different available insurance policies with top online insurance providers. Compare them based on coverage, premiums, and benefits.
2. Proceed cautiously with an insurance company that has a strong reputation and offers comprehensive customer support.
3. An advantage of buying life insurance online is the easy accessibility to online calculators. They simply help you determine the premium amount based on several factors that impact the overall policy benefit.
4. Once you select a suitable plan, complete the application form online. You don’t need to deal with any paper work. Instead, simply upload them. Please ensure your personal and health information is updated in case of physical cross-checks.
5. Pay your premium online using secure payment methods.
6. You shall receive the policy document once your payment is confirmed.
5 Online Life Insurance Policies to Explore
Various insurance plans are available online, and selecting the right one might become time-consuming. So, here are a few hand-picked ones worth exploring:
1. Endowment Plans
Opt for the endowment plans when you buy an online life insurance policy. You will be protecting yourself with insurance and planning for tomorrow. With this plan, you must pay a regular premium to help you get a big amount at maturity. This is the insurance to pick for long-term financial goals like your child’s education or buying a home.
2, Money Back Plans
Money-back plans combine life insurance with the investor’s savings, serving you dual benefits. There are also periodic payouts and lump sums on maturity to fulfil the policy term’s mid-term terms. With guaranteed returns, this online insurance plan transforms into a suitable mix of insurance and investment.
3. Term Insurance
Applying for an online term insurance plan is the easiest and most cost-effective way to secure your family financially. In return for your periodic payments, life coverage is offered for a fixed period of your choice. If the policyholder unfortunately passes away within this tenor, then nominees will get the sum assured.
4. ULIP
Unit Linked Insurance Plans (ULIP) are three-fold benefit insurance products. When investing in them online, expect life coverage, investment benefits, and tax deductions. This allows you to enjoy long-term returns. It is a plan worth investing in if you wish for protection and a chance to invest money in markets.
5. Retirement Plans
These insurance plans help you save money while working. During your golden years, it can generate a dependable income for you. This provides financial security and peace of mind in retirement, typically along with life insurance benefits.
Buy the Online Insurance Plan Today!
Investing in a life insurance policy online is a hassle-free and efficient way to secure your financial future. With a variety of plans available at your disposal, you can find one that suits your needs basis your preferences. However, your insurance provider also has a significant role in planning here. You would want a credible insurer like Canara HSBC Life Insure from where you get insured.
Another reason to consider is that they have various online life insurance policies. Their user-friendly website offers plans like Young Term Plan; invest 4G, iSelect Smart 360 Plan, etc.
Don’t wait any longer–explore your options and buy the online insurance plan today!
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