What are the advantages of buying term life insurance online
                     What are the advantages of 
buying term life insurance 
online?
BimaKaro.in
Online term insurance:
There is a phrase we often hear ‘’the good old days’’. The so-called golden age of the 
yesteryears has always been viewed with rose-tinted glory. Stories of neighbours and 
relatives dropping by, spreading the community feeling. While this is a wonderful feeling 
of having loved ones stop by and check on us, others were not so welcomed. 
Remember those days you would find your Insurance agent making pit stops at all odd 
hours. Of course, it is someone earning an honest living but were you making a genuine 
purchase? Most of the older folks at home were making critical decisions, and you were 
a mere bystander. 
Times have moved ahead with the internet creeping into every aspect of our daily lives. 
There are 627 million Internet users (in 2019) thanks to the spread of the internet to 
rural areas. In market research done by Kantar IMRB, digital usage reports increased by 
18% in 2018 and were the same in 2019. With smartphones getting cheaper, the report 
states that nearly 97% of the users access the internet via the phone. Along with more 
affordable data plans, faster internet and constant encouragement from Government 
bodies to adopt digital, we are witnessing a change in consumer behaviour
 Advantages of buying term life 
insurance online 
1. Variety: Before shopping, if we do not get to see the options, how will we know what to buy? This is the most significant advantage of a 
free market system where we can check out the various offerings. In an offline scenario, we are limited to whatever the agent offers us. Now, 
with access to online options, we can browse through and make direct comparisons to understand the differences intricately. What are the 
features, the exact price and more that can be viewed and compared easily? This may increase the effort for research and study on the buyer; 
it still gives him or her the power to make informed decisions rather than go with the flow with whatever the agent would offer in the old 
days.
2. Ease of Access: Gone are the days of waiting in an Insurance office or being graced by the agent. One can log on to the website and 
purchase Term Insurance from the comfort of home. The process is simple and easy to understand. One just needs to enter the details 
required such as gender, age and period to get the possible premium amounts to be paid. Then the various plans show up; after selecting the 
one that fits your budget, submit the necessary documents online and pay through digital means.
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3. Lower Premiums: The cost factor is the biggest advantage of buying term life insurance online. The offline cost is 
higher mainly because of overheads such as a physical space, electricity, employees’ salaries, documentation and 
commissions for agents. All these costs are factored into the cost of the insurance, and hence you pay higher premiums. 
When you move online, all these costs are removed/reduced, and you reach the company directly, which means that the 
premium amounts offered are much lower (nearly 25% lower). This is a win-win situation for you and the company (as 
they do not have to pay high amounts for many stores’ upkeep to reach you).
4. Security: The shift in consumer behaviour towards a higher preference to pay via digital methods is seen. Security 
levels online have improved and hence, increased the confidence of many to pay online via wallets, cards or net banking. 
India especially has witnessed this on the rise since 2016 (since demonetisation) that pushed more and more to adopt 
digital payment techniques. The payment gateways are secure, quick and easy to process, which leaves little doubt in the 
consumer’s mind. Earlier, for an offline method, it would mean carrying the cash, standing in lines, or dealing with travel.
life insurance
5. Before and After Sales: The best part about buying term life insurance online is the fact that you can reach the customer 
team at any time. Since all the information related to the insurance is provided, it may be difficult for specific consumers to 
understand the exact points. The customer care team can help with all such doubts. In the pandemic age, this is a boon as 
there is no need for you to step out and go to a physical place for answers. Even after you have finished your purchase, you 
may not be satisfied with it. There is a grace period that allows for the return, or if you are having certain doubts, the 
customer team is available 24/7 to help out..
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Money-back policies
This is a different type of insurance policy where during the policy tenure, 
you receive a percentage of the sum assured at regular intervals. On 
survival through the policy tenure, you will receive the balance corpus along 
with accrued bonus. However, in case of expiry of the life assured before the 
end of the policy term, the beneficiary will receive the entire sum assured 
irrespective of the number of instalments paid back.
Nowadays buying life insurance online is as easy as doing shopping from 
any other e-commerce site. One such platform is BimaKaro which assist you 
in picking the right life insurance policy. So, get the best Life Insurance plans 
on www.bimakaro.in with the best possible rates. A robust customer support 
team is always there to help you make the right choices. Do not wait to make 
the right choice, Bimakaro is already doing that for you!
      
Conclusion
To get all these benefits at one stop, head to www.bimakaro.in to get the Term Insurance you have been looking for. 
Bimakaro offers the lowest premiums and the best customer care teams to help you get the most out of your money. So, click 
the link and head over now!
Online term insurance plans come with a host of benefits. As explained above, it is time to give equal importance to term 
insurance, as we give to health, motor, travel, or any other insurance form. Concerns related to trust and transparency are 
now addressed with the help of online insurance aggregators like BimaKaro.in If you are considering buying online term 
insurance plan, do not procrastinate. Just log on to www.BimaKaro.in now.