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Aug 1, 2023

Why Should You Opt For An Online Health Insurance Plan?

Health insurance is an important financial protection that can help you pay for medical expenses in the event of an unexpected illness or injury.*To avail of the numerous benefits of health insurance, you may choose to purchase the policy online or offline. However, it may be a better option for you to make an online purchase, especially since most policies today are available online. Here are a few reasons why you should consider buying your health insurance plan online.

·        Access to information

Health insurance policies are a crucial purchase. Your policy is what you will turn to when you seek financial support during a health crisis. Several critical details make up your health insurance plan. It is important to have a clear idea of these details when you purchase the policy, so you may be certain that you are choosing correctly. Buying a policy online helps you do the research you need, as most policy details are now available on the website of the insurance provider. Thus, you can look at the policy structure, features, inclusions & exclusions, and more, and make an informed choice.*

·        Array of choices

Another advantage of buying online health insurance is that you have access to multiple policy options. You could look at all the health insurance plans that an insurance company has to offer or browse for multiple plans from multiple companies. You may be able to shortlist the policies that suit you best. For example, if you are looking for maternity coverage, or a policy tailored to meet the unique needs of individuals with cardiovascular history, you may be able to shortlist plans tailored to your needs, which may make the final choice easier.

·        Easier to compare

When browsing for policies online, you may note that most insurance providers will cite the details of their policies on the respective product pages. This gives you, the consumer, access to the details of the policy. Moreover, they may also offer online health insurance premium calculator for their policies, which may allow you to get quotes for the coverage you desire. Thus, when buying a policy online, you can easily compare its features as well as the pricing structure, which may allow you to choose the right plan for you.*

·        Competitive premiums

While it may not always be the case, it is possible that the cost of premiums for your online health insurance plans are relatively lower than when you may purchase the same plan offline. It is assumed to be so because when selling policies online, the insurance provider does not have to deal with overhead costs. Thus, buying health insurance online may prove to be a more cost-effective option.##

·        Control over the process

When buying insurance online, you are handling the process for yourself. Thus, at your end, you are in total control. You can ensure that accurate details are provided, the right policy options are chosen, and you are buying what you seek, without any unnecessary additions. You may also be able to choose the necessary add-ons you seek for your policy, after checking whether you are eligible.*

·        Convenience

Not only do you have significant control over the policy purchase process when you buy online health insurance, but you are also likely to find it quite convenient. You may be able to do it from wherever you are, if you have a suitable device, an internet connection, copies of all the relevant documents, and are able to make premium payments online. Not only does this save you time, but it can also prove to be hassle-free.

·        Lesser paperwork

While you may still have to provide a number of relevant documents when buying health insurance policies online, it may still be a simpler process. For the most part, you will be required to upload the documents such as your identity proof, proof of address, proof of income, and more.

·        Instant receipt of the policy

In most cases of buying insurance online, you can be in possession of your policy copy instantly. Once you are through the process of purchase, i.e., after having made the payment and provided all the details, the insurance provider may email you a copy of the policy. You can then download it, and take a printout, if necessary. In addition to the advantages listed above, there are a few more reasons why you should consider buying health insurance online in India. If you need to make changes to your health insurance policy, you can easily do so online. This can save you time and money. Moreover, when buying health insurance online, you may be afforded transparency regarding the policy structure, features, and pricing. It is generally considered rather hassle-free and cost-efficient.##   *Standard T&C Apply ##All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C Apply Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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