Okbima.com Helps People Easily Compare Insurance Plans Online ppt
                     Okbima.com Helps People
Easily Compare Insurance
Plans Online
Compare Insurance Plans Online
We all need insurance of one or more types. It can be health insurance for yourself and your family or 
ianustuorance for a newly bought BMW. Regardless of what it is, insurance provides us with the security we require
regarding finances. Your health insurance provides the security that you won’t have to bear the increasing health
costs for any surgery or treatment at once. The insurer will pay the amount based on the premiums you deposit 
yeveaer yor month.
Similarly, your auto insurance provides you peace of mind that if your car gets into an accident or there is physical
damage that costs a lot, the insurance cover will pay for the expenses, and you won't have to take out any 
fmr omne your pocket.
One can take many different types of insurance, along with insurance providers. Therefore, deciding the best one
from these options is overwhelming and cumbersome. You often make the wrong decision because you either didn't
know how to compare insurance plans or didn't have enough time and patience.
Keeping this in mind, we have explained how you can compare various insurance plans and choose the right one.
What are the different types of insurance plans you can get?
To compare insurance plans online, there are several things that you need to know beforehand, out of which is the
insurance types. Unless and until you have complete knowledge about this, you won't be able to choose the right
insurance at the right time. So, let's look at the types of insurance you can get.
1. Health insurance is meant to provide you with financial support for your health for a long time. Usually,
health insurances offer a domiciliary amount that covers outdoor doctor consultation fees and regular
medicines. Apart from this, you get higher hospitalization coverage, where the insurance policy will cover
the hospital charges, surgery costs, and many more.
2. Auto insurance: When you want to compare car insurance plans online, knowing them in detail will help
you greatly. Auto insurance covers your car, any repair or replacement cost, and others, as mentioned in the
insurance policy details.
3. Income protection: Income protection insurance is another common type of insurance. If you lose your job
by any means, whether due to getting sacked by the company or being disabled, the insurer will provide you 
alumpsum money or a certain amount every month or quarterly.
4. Annuity insurance: Annuity insurance often works like a retirement plan where you can raise a claim
amount after you retire from your job. Usually, the annuity insurance amount can be claimed only on the 
opowlniceyr's death.
5. Life insurance: One of the most common plans you should know to compare insurance policies in India
is life insurance plans. It is an insurance cover where you get a huge return after giving premiums for 25 
yTehaerrse. are several kinds of plans where the premium term, benefit expiry date, and so on will vary. So, you 
mchuosotse accordingly and ensure you get the right 
plan.
6. Disability insurance: Such insurance will help you meet the financial expenses when the policyholder
cannot work anymore. It can be due to an accident or aging. However, disability insurance is often taken as an
additional cover on the income protection plan.
Why should you compare insurance plans?
Do you know the benefits you can enjoy once you compare insurance policies online?
If not, it can become difficult to choose and ensure your plan can easily meet all your requirements. Keeping this in
mind, we have explained some benefits you can enjoy once you compare insurance plans before making the
policy.
1. First and foremost, comparing various insurance plans will help you understand how much premium you
have to pay every month or in a quarter. Knowing about the people premium will also help you 
wunhdeethrsetra nydour earnings will allow you to pay it consistently throughout the entire policy payment 
term.
2. When you compare health insurance plans online, you can understand what benefits you will get in each
plan. It can be about the hospital coverages, that allowable hospitals where cashless payments can be done,
the total umbrella coverage for all the beneficiaries in the policy, the domiciliary amount that can be
claimed every year, and so 
on.
3. Comparing insurance plans will also give you an upper hand in choosing the right one that can meet 
aylolur financial requirements later on. For instance, if you need INR 30,000 every month to run 
yexopuernses, you should go for an income protection insurance cover that will provide you with this particular
amount only every month once you raise the 
claim.
4. You can also know which insurer you should use once you compare insurance policies properly. It's not
easy to know which will be the right insurer for us until and unless we compare those plans.
5. Another significant benefit you can enjoy once you compare insurance policies of different types is
knowledge. The more you compare different policies, the more you will learn about the benefits of various
plans, the disadvantages, the associated liabilities, tax benefits, and so on.
What factors are needed to be considered to choose the best insurance
plan
?
Before you proceed further, knowing about the primary factors to be considered to buy an insurance policy will be
beneficial in the long run. Below we have discussed some of those factors you should consider before making any
decision.
1. The premium payable: the first and foremost factor you must consider is the total premium you must pay
for the insurance coverage. It depends on the policyholder's age and the beneficiaries, occupation status,
monthly and yearly incomes, and several other factors. Ideally, it's better to get a quote when you opt for
insurance compare online so that you won’t have to worry about making the wrong assumptions about the
total payable premium.
2. Sum assured range: every insurance plan has a certain range of sum assured. In other words, you can give a
minimum and a maximum deposit when choosing the plan. Based on that, you must pick out the best
insurance plan to meet your financial needs later on.
3. Understanding the claim policies: When compare term insurance plans online in India or any other
insurance type, you must go through the terms and conditions to be applied while raising a claim against
that policy. For example, when you want to have a disability claim, many insurers give a condition of
having an income protection claim as the primary cover. Similarly, when you want to claim the rider
benefit of a term plan, the total amount paid under the claim will get deducted from the parent benefit. So,
do understand how the claims will work and what effect the payments will bring in the policies and the
concerned benefits.
What mistakes should you avoid while choosing an insurance plan?
Often people make mistakes when they compare insurance plans. If you also do the same, there won't be any way
to easily choose the best plan for yourself, regardless of what type of insurance we are talking about. So, below are
some mistakes you should avoid when comparing the plans.
1. When you do not consider the role an insurer plays in the insurance policy, you will find yourself in a
difficult situation in the future. This is because going for an insurer that doesn't provide flexibility or is
open to negotiation cannot help you in emergencies.
2. Choosing any term policy without having appropriate rider benefits can also prove to be a huge mistake.
This is because the sum assured of the rider benefits is usually covered under the sum of the main benefits.
Even if you claim the entire rider benefit, the policy will remain active, and you will still have the chance to
claim the money left in the parent benefit. Choosing a term policy with no rider benefit can be more of a
loss.
3. If you are using any calculator for insurance comparison India, not checking its genuineness and
feedback from past users can also prove to be a hassle. The computed premium and maturity amounts you
will get are not the same as the original insurance plan.
4. When you compare life insurance plans online, not having a nominee or a joint life survivor can also
prove to be a huge mistake. This is because if you cannot withdraw the amount after the insurance policy
matures, no one else will be able to do so in your place.
5. One of the major mistakes you must avoid when using an insurance comparison site online is relying on
the quoted premium. Although the actual premium to be paid is almost similar to the one in your quote,
there can be several changes based on the policyholder's age, the addition of any rider benefit, the change
of the premium paying term, and so 
on.
How Okbima can help you find the best insurance plan?
With Okbima, not only will you get help to compare online term insurance plans and other types of covers, but
you will also be able to know how different insurances work. For instance, terminal health insurance doesn't work
similarly to income protection or disability insurance. Similarly, insurance coverage for an individual doesn't have
the same benefits or features as insurance policies for groups or schemes. Therefore, collaborating with this
insurance company online will help you make the right choice without hassle.
Conclusion
As we have discussed the fundamentals of insurance plan comparison, you shouldn't have any more doubt
concerning the importance of judging various insurance policies and plans, avoiding mistakes, and questioning their
importance. Besides, with the help of Okbima, you can know more about various insurance policies available in
India and their features and benefit plans.