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Is it secure to buy term insurance plans online?

The benefits of the online process are manifold as it not only cuts costs but also provides a more transparent method of sale.

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1 min 37 secs
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Last Updated - September 6, 2023
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Online transactions are completely secure and are done directly on the insurance company’s website. Today almost all financial transactions including banking, stocks, etc have moved completely online. Even Indian Railways and Airline ticketing is completely online and lacs of people are making online payments everyday.

Buying term insurance policy online are as secure as any other online purchase – you use your credit card or net banking options. There is no difference here. Increasingly more and more insurance plans will move to the online sale mode. The benefits of the online process are manifold as it not only cuts costs but also provides a more transparent method of sale. You will see more and more of this in the coming years.

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Author

Manoj is the co-founder and COO of MyInsuranceClub. He has experience in Financial Services, Internet, Insurance and Outsourcing business. He has done his Post Graduation from XLRI, Jamshedpur.