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Gangotri
September 5, 2011
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Is it safe to buy Insurance Policy online? I have never used my credit card to pay for purchase online..

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MIC Staff

September 6, 2011 : Answered in 9 Hours

Online Transactions have become quite safe these days as there is online IPIN that needs to be sent to you by the credit card or you can create it online. All credit card transactions are through secured sites where the details are not shared by anyone else.

If you do not have IPIN, then you can create a temporary Online Transaction Password by sending an sms to your credit card service provider through your registered mobile number which is valid for a maximum period of 30 minutes.

However, you can still pay by netbanking or debit card also, in case you do not wish to use your credit card. In all types of offline or online transactions, you would get an immediate sms to your registered mobile number with the transaction update. You can call up the bank in case of any disconnect or fraudulent transaction.

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