So many questions come to mind whenever the issue of buying insurance online comes up. How safe is it? How well do you know the people you are buying from? How sure are you, it will end up being a fraud? These and more others are the questions that are associated with buying insurance online. We are going to clear those fears and doubts in this article. Just relax and read to the end.
Without mincing words, buying insurance online is the best way to get your insurance. This is because insurers have accessed the needs of their customers and through that have come up with different products of insurance online, ranging from life to health and academics. You can now comfortably sit at home and buy any insurance product you wish without having to go to their offices. Click here if you are looking for relevant life insurance providers.
When you buy online, the agent's cost is saved. Paperwork is reduced because everything is done online, so it is cost-effective. You deal directly with the company instead of its agent.
Opportunity To Make Comparison:
Through online you will be able to compare and contrast different companies offering the same product you wish to buy. You would be able to compare their pros and cons and make a right decision before contacting any of them that meets your needs.
You Can Purchase Based On Other Customer's Review:
Online give customers opportunity of saying what they feel about their products. Through their reviews, you will be able to know if it can actually offer what desire to get. How other people feel about their products guides you so that you don't make mistake by choosing the wrong thing. But when you buy from other sources that are not online, you might not really get this advantage.
For the fact that some people are still exercising fear about online services, insurers have included online chat where you can chat with their customer representative and get your problem solved instantly. They can as well guide you through the process of making the purchase where you are finding it difficult.
Time Effective And More Convenient: Have you ever encountered a situation where you met a very long queue and what you want to purchase is very important that you can't go and come back and so you are forced to sit and wait for only God knows when they will attend to you? If you have encountered that kind of situation, then you don't need to waste time to make the decision of buying your insurance online. It saves you time. You don't need to start rushing to their office within a specified time before closing time.
You Can Get Automatic Services:
Through their portal, you can easily click and download materials like the policy document, brochure, etc. This is what would have taken you time to queue and be attended to assuming you are to go to their office for the same service. It also saves you transport fare and stress of having to go to their physical offices. You can sit on your best couch with a cup of coffee and buy your insurance. You can as well do it when it most convenient for you.
Policy Document Is More Protected: There are instances where people lost their policy document and going through the process of reissuing a duplicate is nothing to write home about. It is too cumbersome and consumes time. In the online purchase, Portable Document Format (PDF) is sent to you, so you can print and if there is any loss in future, you can easily go to where you saved it and print again.
Some Specific Insurance Are Only Available Online: Some insurers have made some of their terms available only online. That means if you can't purchase online, you cannot have access to that particular one. Funny enough, that might be the exact plan that you want.
In as much as online purchase of insurance seems to be the best, we can't say there are no hitches attached to it. Just like in every advantage, there are bound to be some disadvantages too. We are going to walk you through some hitches you might expect as you buy your insurance online.
Some Of The Problems
The Plans Are Pre-Set:
It is not like where you meet the insurer one-on-one and do some negotiations before you buy the plan. Modifications cannot be made to things like policyholders’ wish and requirements. The premium rate cannot also be negotiated too; you take whatever you see online.
Other Benefits From Other Plans Can’t Be Added:
There are some policies you will buy and they will add other options like critical illness, premium waver, e.t.c., which are not part of that policy. In online purchase such is not applicable and if you want the service that means you will have to pay extra money to acquire them.
Mistakes Can’t Be Avoided:
When you are filling paper for the insurance, there is always a second person that will guide you when you make mistake so it can be corrected before submitting but in online, there is no second person, so it is possible to have it submitted with that mistake.
If you don’t check the security certificate of the site you want to make payment very well, you might end up paying to fraudsters but that can be avoided when you make the purchase through their physical office.