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Why is there a vast difference in premiums of various term insurance plans?

Online transactions are completely secure and are done directly on the insurance company’s website. Today almost all financial transactions including banking, stocks.

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

They 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.

And yes it is a Greener process!

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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.