Friday, October 30, 2020
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Benefits of Digital Insurance

Previously, buying insurance was a time-consuming process. You had to visit the insurer’s office in person to buy the policy you need. Moreover, searching and comparing different plans required a lot of manual efforts – wherein you had to visit each insurer and collect information regarding the policy.

Benefits of Digital Insurance

However, the process of buying insurance has been simplified ever since the Internet era took over. Customers can browse the insurer’s website for insurance products related to health, motor, travel, life, etc. In fact, you can customer the insurance plan and buy the policy in just a few clicks. Thus, allowing you to purchase insurance from the comforts of your home or on the go.

In addition to this, there are many benefits of buying insurance online. Let us discuss the advantages of buying digital insurance in detail.

Benefits of Digital Insurance

The insurance industry offers multiple products to the audience based on their affordability and necessity. These insurance products are available for purchase online on the insurer’s website. A few benefits of buying insurance online/digital insurance are explained below –

  • Allows you to compare different insurance plans online

Since we know that multiple insurers offer the same insurance policy online, choosing one can be an overwhelming task. Hence, it is best to have insights on each policy offered by different insurers to make an informed decision. Thus, you compare several insurance plans based on the premiums, benefits, coverage, exclusions, etc. Once you narrow down your options, you can proceed to buy the insurance plan of your choice.

  • Buying insurance online saves time

The insurance application process is no longer dreadful. Buying digital insurance is not at all tedious, requires minimal to no documentation, and you get the policy issued in no time. The entire process is convenient and saves a lot of your time.

  • Keeps your policy documents secure

At times, many people lose or misplace their insurance policy documents. When you buy insurance online, you (the applicant) will receive a copy of the policy on your registered email id. Moreover, a copy will also be accessible from the insurer’s insurance app and can be accessed at any time, anywhere!

  • You get access to 24×7 customer support service

Any assistance you need on your insurance plan, your insurer is available at your service. All you need to do is get in touch with the customer support executive. It is a team of trained professionals who will guide you through your concerns and help resolve your queries as soon as possible.

Buy Insurance using Finserv MARKETS App

Besides buying insurance products online, insurers have developed insurance apps as well. So, all you have to do is download the app on your mobile phone and access it to buy/renew your insurance plans anytime, anywhere.

The Finserv MARKETS App is one of the leading insurance apps in India. It offers a wide range of insurance products – health insurance, motor insurance, term insurance, travel insurance, etc. Below, we have explained how simple it is to buy insurance using the Finserv MARKETS App.

  1. Download the Finserv MARKETS App from the Google Play Store (for Android users) and Apple App Store (for iOS users).
  2. Go to the ‘Insurance’ section and choose the type of insurance product you need.
  3. Select your coverage amount.
  4. Fill the application form with the requested details.
  5. Upload the supporting documents.
  6. The insurer will evaluate your application and verify the documents.
  7. Pay the insurance premium online.
  8. Upon successful payment, the insurer will issue the policy in no time.

Tips for Buying Insurance Online

Before you any insurance product online, here are a few things that you need to keep in mind –

  • It is best to compare multiple policies before you buy an insurance plan.
  • Go through the policy coverage, exclusions, and benefits offered by the insurer before paying the insurance premium amount.
  • Check the insurer’s claim settlement ratio as it will assure you whether or not the company is reliable to pay your claims in the future.
  • Buy a policy that is affordable and fulfils all your insurance-related needs.

Conclusion

Getting to buy insurance products online is a blessing! Since we live a fast-paced life, digital insurance is an ideal way to save time. You get to compare multiple policies quickly and choose a plan fulfils your needs – all from the comfort of your home or on the go.

What more do you need? If you are planning to buy insurance any time soon, give digital insurance a chance and buy the policy online, right away!

sachin
He is a Blogger, Tech Geek, SEO Expert, and Designer. Loves to buy books online, read and write about Technology, Gadgets and Gaming. you can connect with him on Facebook | Twitter
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