Buying insurance has traditionally been a process that is driven by personal connect. An insurance agent or advisor would be someone known to the family and all members would invariably end up relying on them to demystify products and share the information. Eventually, one would end up buying a plan that was recommended by the advisor. With the age of digital transformation, things are now changing for the insurance landscape as well. With the advancement of technology, not only is it now possible to purchase insurance online, but the process is also simple, efficient and flexible. So, from health insurance to car insurance and life insurance as well, buying online is the new road ahead. Today, we are busting some of the common myths surrounding online insurance purchase and giving you enough reasons to consider it as a great new way of buying insurance.
Purchasing Insurance Online is Complicated
Well, that’s not right, it’s as simple as anything that you purchase online. Online platforms like the Bajaj Finserv App allow you to choose plans, know more about their features, compare pricing and then purchase plans conveniently through your preferred payment mode. In addition, there is no tedious paperwork that is needed and what you have is a seamless, digital experience – anywhere, anytime.
Buying insurance online is expensive
Not at all. In fact, when you buy online, an insurer saves on operational costs and there are no middlemen involved. This way, insurers are in a position to offer better premiums when they sell online.
Online claims are difficult to raise and settle
Gone are the days when insurance claims meant taking a folder of documents and visiting an insurer physically. Today with robust systems in place, insurers have their apps or portals that are specifically designed to handle online claims. Online claims receive as much importance and priority as an offline claim and is treated with the same urgency and rigour.
Limited product options to choose from
Exactly the contrary, we would say. When you buy insurance online from a platform like the Bajaj Finserv App, not only do you have a host of products to choose from, you also have the advantage of comparing various products under the same roof. So you actually end up making an informed decision without having to go through multiple products and sites for information.
Buying insurance online is not a secure process
With the Insurance Regulatory and Development Authority of India (IRDAI) setting up stringent regulations and processes, insurers are today totally transparent about their processes and terms & conditions of the insurance policies. Additionally, with robust security systems in place, you can make online transactions without any fear since they offer a secure environment to purchase insurance online.
We hope that if you had any doubts about purchasing insurance online, we have been able to help you take the steps without any stress. If you are looking to purchase a health, motor or life insurance plan, visit the Bajaj Finserv App and choose a plan, compare features and premiums and buy the plan of your choice within a few minutes. What’s more, you have the advantage to purchase the plans through a 100% digital process without any hassles or stress!