Buy term insurance online now in few steps!

Relax, sit back, and buy term insurance – it’s really that quick and easy!

Ever since the advent of the Internet in our country, every behaviour that we identified as ‘typically Indian’ has changed dramatically. We no longer wait in long lines at the bank. We get our groceries delivered online instead of haggling with the local grocer. We pay for taxi rides using online payment platforms. And we also buy insurance online, after getting all the information on it, also online!

Insurance and banking sectors have dramatically changed the way they do business in the country. No longer are both sectors identified with several reams of paperwork and endless rounds to get the slightest job done. Today, a large amount of autonomy has arrived in terms of customer interactivity with insurance companies. Thus, there is no need to even hire an insurance broker. Customers can select their preferred insurance provider, find out all the relevant information about a plan and proceed to purchase it online.

The best insurance providers in the country give customers the chance to buy term insurance online. You may not even require to take a medical test to complete the process. Buying term insurance online is simply as easy as clicking 1-2-3 on your laptop or mobile phone.

If you wish to buy a term plan, you can follow these steps.

Step 1: Calculate the sum assured you may need. This amount must account for all future expenses and also factor in inflation and higher living costs of the future. Write down all the future expenses that you anticipate, and multiply it by 10. The number you arrive at is the sum assured that you must seek from the plan.
Step 2: Browse for suitable plans online. Be sure to pick the most reputed insurance provider and glance through their term plans.
Step 3: Use the insurance provider’s term insurance premium calculator. To use it, you must enter the figures for sum assured, age, marital status, annual income, and tenure. The calculator then shows the premium payable figure. The premiums for term plans are quite affordable, despite the high sum assured amount.
Step 4: You can now fill out an application form. The form is quite simple to fill out and you can proceed to the next stage, i.e. paying for the plan using Netbanking or your Debit/Credit card. That’s it – you have finished buying term insurance online!