What Are the Various Advantages of Online Health Insurance Plans?

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Today, most insurance buyers in India prefer buying a policy online as it is easy, quick, and hassle-free. Read on to know more about the benefits of buying online health insurance.

Today, with the ease of online shopping, people prefer buying everything, right from groceries to clothing online. Research suggests that online shopping has been increasing at about 30% annually. This kind of expansion is also reflecting on health insurance purchase.

With most insurance companies offering online services, buying an insurance policy has become easier than ever before. You can now easily compare and choose the plan to best suit needs from the comfort of your home. Long gone are the days when people relied on an insurance agent or a financial advisor to buy a health insurance plan. Today, you can get all the information you want about different plans with the click of a button.

To purchase online health insurance plans, you must fill an application form and make online payment through your credit/debit card, internet banking, or UPI. If you are still not convinced if you should buy a health insurance policy online, knowing the following benefits will make you think otherwise:

Saves time

One of the biggest benefits of purchasing a medical insurance policy online is that it helps you save time in personally visiting the insurance office, getting the information about the different plans. Also, in current times where social distancing has become the norm, it may not be advisable to go out to buy insurance. Instead, you can now directly get the quotes from different companies online in much less time. You can make a buying decision without being influenced by an agent who may try to push to buy a particular policy, which may not be suitable for you.

Comparing policies is easy

Comparing the features and benefits of different policies online is much easier than doing it on paper. Generally, all insurance companies provide the details of their policies on their website. Also, there are many comparison websites, wherein you can simultaneously compare similar policies from different insurers and choose the one that best suits your needs.

Take the right decision

Having full information about the policy, including what is covered, the premium amount, what is excluded, policy payment mode, and other terms and conditions, only makes it easier to compare the different policies. Getting such information may not be possible from your insurance agent. Thus, it is better to compare the policies online to get a better perspective about the different plans available in the market and, in turn, make an informed buying decision.

Round the clock service

Another significant benefit of buying online health insurance is that you get 24×7 service; you can purchase the policy anytime and anywhere you want. Online transactions are available 365 days. Apart from buying a new plan, you can also request other services, including policy renewal, premium payment, surrendering the policy, without any hassles.

Get an attractive discount

Who does not like discounts? Nowadays, many insurance companies offer exclusive offers and discounts, especially during the specific time of the year for online health insurance policies. So, it advisable to always check the company’s website for discounts, and you may get the plan you desire at a lower premium. Remember, health insurance is a long-term financial product, and you would have to pay the premium for at least 5-10 years. As such, even a 5% discount can help you save a significant amount in the long-run.

Now that you are aware of the amazing benefit of online health insurance, it is high-time to get a robust health cover for you and your family and get protection from all medical emergencies.