Important points to consider before buying term life insurance online
                     Important points to consider 
before buying term life 
insurance online
BimaKaro.in
Online term insurance:
Every Indian loves a good deal on anything that they purchase. Just take a walk through 
any local market and you will notice the constant exchange of words. The joy of getting 
an item at a lower price than the originally quoted higher price is unparalleled. If you 
look at the Indian middle class, bargaining and searching for value is the very backbone 
of existence. This does not exist because of some petty miserliness but the by-product 
of those that have grown up in an era where daily items were items of luxury. Hence, to 
extract the best possible value out of one’s hard-earned money is the mission for daily 
existence.
We now live in a time when the daily income, savings and standard of living has gone 
up (from the ’80s). The value chain has chained when it comes to extracting value for 
purchases. The average Indian middle-class individual may not try to extract value 
when it comes to daily items like food and cosmetics as their purchasing power has 
significantly increased. However, there is now the option to buy things that at one point 
were not available for their parents’ generation — Insurance! So when it comes to 
buying a Life Insurance, there is always the need to get the possible value
  best value for your Term Life Insurance
Insurance can be seen as an essential item now, especially buying term life insurance online. Different insurers offer different term plans and 
choosing the one that fits the bill can be quite a task. Now, when one is armed with the know-how, then the choice becomes evident and easy 
to pick. So, let us look at some ways in which you can get the best value for your Term Life Insurance.
1. Understand your Goals and assess your needs: This is an important first step because how can you buy something when you do not 
know why you are buying it. Is insurance just for you? Is it for your spouse or the entire family? What are the budgets? How much can 
you afford to spend in a year on Life Insurance? Are you looking for Tax benefits or thinking of saving for the future education of your 
child?
2. Lifestyle Assessment: Always keep in mind that those with habits such as drinking, and smoking are likely to pay a higher premium since 
the risk is higher. So, making lifestyle changes before buying term life insurance online is helpful as it would mean lower premium rates.
3. Buy Early: It is a simple fact, premiums offered to younger healthier individuals is much lower than older ones. So, if you are smart, get 
term life insurance sooner rather than later as the expected premium paid through the years would be much lower compared to getting the 
same insurance plan later.
Continue…
4. Buying term life insurance online: This is the best option to save money when it comes to paying for premiums. Plans 
offered online by companies is much lower since the company does not incur costs on brick and mortar stores, 
documentation, agent fees. The cost is lowered by 25% versus buying it offline. Added to that you have the option to 
compare the premiums of different companies. It would be easy to compare especially when buying off an aggregator 
(For example BimaKaro) where the premiums can be compared easily so that you know that you can get the best value 
for the amount that you are paying.
5. Payment Mechanism: Premiums can be paid in a variety of ways — monthly, quarterly, half-yearly or yearly. When you 
pay the premium in one lump sum, then insurers tend to offer discounts to incentivize the yearly payments. Since the risk 
of someone pulling out of insurance is lesser as they have paid for the year.
6. Choose the right instruments: Life Insurance Plans offers additional riders to top up the existing benefits such as 
accidental benefits, critical illness benefits and others. However, none of these riders is free and in fact, bump up the 
costs of the premium. So it is important to assess the ones that are useful for you and go for the ones that add value. 
life insurance
These are the best ways to extract maximum value out of your term life insurance. Out of all the points above, 
buying term life insurance online is the best possible decision. Online Plans allow you flexibility, they give you a plethora of 
options and most importantly it is secure. Gone are the days when purchasing insurance was limited to the dodgy advice 
given by Insurance agents. In the digital age, you are in complete control. BimaKaro.in offers Life Insurance plans that are 
tailor-made for you. In case of any doubts or queries, there is a customer care team that is available 24/7. Log on to 
www.bimakaro.in now to check out insurance plans with low premiums!
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.