Why Buying Insurance Online Is Better Than Agents Selling Policies?

There has been a massive increase in the insurance companies providing insurance products. And so has been the rise in the number of insurance agents these companies employ to market and sell their policies. However, with the advent of technology and gradual blooming of the internet era, one thing increasingly becoming clear is that buying insurance online is way better than buying it from insurance agents.

There is sound logic to buying insurance online, and more and more people are experiencing the ease, comfort and joy of doing it online. A few pointers will help you understand the reasoning as well:

1) Complete Product Knowledge

No matter how qualified or experienced your neighbourhood insurance agent is, he/she will never be able to help you with information about all the insurance products available in the market. The primary reason is that their commissions are tied up with the products they are trying to sell so they promote them rather than giving you something that’s for your benefit. They will sell you the best insurance policy as per them but probably not for you.

2) Comparisons

This is one of the most important steps while buying an insurance policy. Always compare insurance plans to know the best one suited for your needs and it is only possible to do so online rather than meeting several agents to get complete information. Getting on to a website like comparepolicy.com which provides detailed information about all insurance plans offered by all companies is the first step towards comparison and buying the best insurance policy for you and your family members.

3) Detailed Terms And Conditions

An agent will only share the broad terms of the policy that he thinks are necessary for you to know rather than giving you a comprehensive coverage of terms and conditions. On the other hand, when you buy insurance online, you get to study the complete details beforehand to understand what you’re getting into so as to be able to take an informed decision. It is a requisite to know your side of the deal as well as what the insurance provider is offering before you put your money in a policy that is meant to help you with your medical needs. Agreed that it is a bit technical, but then it is better to study them in advance and get your doubts cleared by discussing it with the concerned insurance company’s executive over the phone rather than landing in trouble at a later date. Based on this detailed information you can compare insurance plans online.

4) Payment

Another factor that works in favour of buying an insurance policy off the internet is the ease of making payments. You don’t have to go anywhere, don’t have to issue cheques and wait for them to explain or get into any financial complications. Simply pressing a button helps you buy a policy and get your insurance certificate generated, then and there without any delays. Whether you use a debit card, a credit card or net-banking, there are different ways to help you make payment! With an agent, however, you have to co-ordinate, wait for days and even then be not sure if payments are happening on time or if there are problems with the entire process.

5) Convenience

This is, of course, the easiest way of purchasing insurance for your family. You don’t have to leave the comforts of your home or office, don’t have to wait for morning, noon or evening and won’t even have to worry about whether it is a Sunday or a public holiday. You can buy insurance online any time; anywhere you want as per your schedule and convenience.

Hope this helps you in getting a better picture of buying an insurance plan online. Not only is it handy and easy to do, but it is also where the future lies. When it’s a matter of your health, you only deserve the best insurance policy.