IndiaFirst Life Insurance Company is the newest entrant in the ‘buy online’ space of insurance companies. Now customers can simply visit the company website and make a purchase online.
The policies that are available online are ‘IndiaFirst Anytime Plan’ which is a pure term insurance plan and ‘IndiaFirst Smart Save Plan’ which is a Unit-linked insurance plan (ULIP).
Insurance companies in India are moving towards the online model to sell policies, as internet is a very effective medium that caters to a larger audience. Aegon Religare, ICICI Prudential Life, Future Generali, Bajaj Allianz Life, MetLife, Kotak Life Insurance, HDFC Life, Tata AIG are companies that have successfully launched their range of online policies.
There are various benefits attached with buying an insurance policy online. Firstly, the customer buys the product straight from the insurer hence there is no agent commission involved. The premiums are low as compared to buying the policy offline.The entire process is safe, completely transparent, instant and effortless.