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Monday, November 8, 2021

5 Reasons to Buy a Term Insurance Plan Online

 Adulthood involves making a lot of complicated decisions, especially regarding your finances. Finance management is a resourceful skill that can help you use your money well and save up for the future. As there is no way to determine life's unpredictable turns, having investment or insurance plans that will ensure your loved ones are provided for in your absence is a must. So, if you have not already invested in one, buying a term plan online is a smart decision. 


As the name suggests, a term plan requires the policyholder to make regular premium payments to their insurance company. The company, in turn, pays out this amount to their beneficiary in case of the insured person's death. This secures the financial future of your dependents, enabling them to lead a comfortable life even in difficult times. 

Instead of going over to your preferred insurance company to secure a plan, buying a term plan online gives you multiple, additional benefits. Here are 5 of them: 

1.    Saves Money: Buying a term plan online saves a lot of your money as it cuts back on commission costs. You contact your preferred insurance company directly, which eliminates the commissions of middlemen along with additional paperwork that would have normally cost you a lot. Due to this, you can also avail lesser premiums on your plan and get the ideal deal at a much lesser price. 

2.    Quick Services: One of the most significant benefits of buying a term plan online is that there is customer service available 24/7. You can connect with their executives through toll-free numbers or live chat features available on their website if you need any guidance in the buying process. This way, you can avail services anytime you want, without having to wait in long queues. 

3.    Informed Deals: The internet is a place that offers you all kinds of information about everything. Buying a term plan online gives you the freedom to make an informed decision by researching the various aspects of your plan through and through. Along with this, it is also effortless for you to compare different plans and settle on the one most convenient for you. 

4.    Saves Time: Purchasing term insurance in the traditional way means frequent visits to the insurance company, which takes up a lot of time in your day. On the other hand, online services are quick, only take a few minutes and can be done within the comfort of your home. Since it has no paperwork, this hassle-free process is ideal. 

5.    Reviews: When it comes to insurance companies, it is a given that they are well equipped with resources to promote their plans. However, one can tell whether the plan is beneficial to the public by going through online reviews. This gives you a look into the real experiences of customers that you can gain additional information from. Also, you’ll get more knowledge of the myths and facts about term insurance plans. 

Take a look at the term plans online available on ICICI, one of India's most trusted insurance companies! With ICICI, you can rest assured your money is in safe hands.

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