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Ref. No. KLI/22-23/E-BB/492
Buying term insurance online is a safe and cost-effective way to ensure your family's financial security. Learn more about why and how you should buy term insurance online.
Getting term insurance for yourself is the safest and most cost-effective way to make sure of your family’s financial wellbeing in case of any untoward event. The insurance plan provides life cover and it is one of the most popular insurance plans among the salaried people because of its affordability. One of the things that used to be an issue among the policyholders even until a few years ago is how time-consuming the process of buying insurance was. However, this has changed rapidly over the last few years because people can now buy insurance online.
There was a time when you could buy an insurance cover only through an insurance agent. In addition, a lot of paperwork was required to apply for an insurance policy. This has all rapidly changed since the introduction of online financial services. Today, you can take a few minutes off your day and sign up for an insurance plan online.
When you buy life insurance online, you can not only save a lot of time but also find the best options easily. The Internet will help you to find and compare insurance policies easily, which is quite helpful when it comes to selecting a plan that suits your needs the best. This has also increased competition among the insurance providers as the number of policyholders has dramatically increased in the last few years. To attract more customers, they offer great deals and discounts on their policies. This surely benefits you.
Another great thing about online insurance plans is that they have eliminated the need for insurance agents. You can still find one if you are not confident enough about the whole process, but buying insurance on your own is more convenient today. Firstly, you do not have to feel pressurized to buy any term insurance the agent is trying to push. Moreover, you need not worry about fake insurance agents either if you are managing the purchasing process on your own.
The process to buy life insurance online can vary for different insurance providers. However, the basic steps are the same and it only requires only a few clicks. Listed below are the general steps that you need to take:
These are the steps to buy insurance online for most of the insurance policy providers. Make sure to read the policy documents carefully and understand the terms and conditions before you buy a policy.
Amit Raje is an experienced marketer who has worked in various Fintechs and leading Financial companies in India. With focused experience in Digital, Amit has pioneered multiple digital commerce in India. Now, close to two decades later, he is the vice president and head of the D2C business department. He masters the skill of strategic management, also being certified in it from IIMA. He has challenged his challenges and contributed his efforts in this journey of digital transformation.
Prasad Pimple has a decade-long experience in the Life insurance sector and as EVP, Kotak Life heads Digital Business. He is responsible for developing user friendly product journeys, creating consumer awareness and helping consumers in identifying need for life insurance solutions. He has 20+ years of experience in creating and building business verticals across Insurance, Telecom and Banking sectors
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Ref. No. KLI/22-23/E-BB/2435
The information herein is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. The content has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Recipients of this information are advised to rely on their own analysis, interpretations & investigations. Readers are also advised to seek independent professional advice in order to arrive at an informed investment decision. Further customer is the advised to go through the sales brochure before conducting any sale. Above illustrations are only for understanding, it is not directly or indirectly related to the performance of any product or plans of Kotak Life.
