Top 10 Reasons to Buy a Health Insurance Plan Online

Health insurance has become a necessity today to protect yourself from skyrocketing prices of medical treatments in India. However, buying a health insurance policy is no longer a hassle. You can easily buy a health plan online that fits within your budget by choosing from the wide variety of affordable health insurance plans available in the country. Let’s find out why buying medical insurance online is a wise decision.

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      10 Advantages of Buying Health Insurance Policies Online

      Take a look at the top 10 benefits of buying a health insurance policy online:

      1. Abundance of Choices

      There are several health insurance plans that you can find online. In fact, all insurance companies in India allow their customers to purchase health plans online. These plans may differ in terms of benefits, coverage, premiums, etc. When buying the policy online, you can check out these numerous plans without any hassle and pick a plan that best suits your health needs & pocket.

      2. Easy Comparison

      Comparing different health plans can help you select your ideal plan. Comparing multiple health plans from different insurers can be a hassle. On the contrary, comparing health plans online is an effortless task as you compare them all in one place. You can visit insurance broker websites like Policybazaar and compare different plans based on their coverage, benefits & premiums to choose the most suitable plan for yourself.

      3. More Convenient

      Online buying of health insurance is more convenient than offline buying. You can research, compare, select and buy a policy any time of the day or in the middle of the night. Besides, you are not required to step out of your house as you don’t need to stand in a queue or take an appointment to meet with an agent. This is just not possible during offline buying and thus, online purchase of health plans is more convenient. 

      4. Absence of Agents and Middlemen

      When buying health insurance online, there are no agents or middlemen involved. Insurance companies sell the health policy directly to the policyholder during online purchases. As a result, you are not influenced by the agent of a specific company and are able to buy the best policy for yourself. 

      5. Lower Premiums

      The operational costs of the insurance company reduce when you buy a health policy online. There are no agents or middlemen and thus, the insurer saves on their commission. The company also saves on postal charges and office expenses while operating online. As a result, you are charged a lower premium when buying a policy online.

      6. Time-Saving

      Buying an online health policy is also a faster process. Unlike offline buying, you do not need to stand in long queues or wait for days to receive your policy documents. Instead, you receive your policy documents on the same day. Thus, you end up saving a lot of time.

      7. Minimal Paperwork

      Online buying of health insurance involves minimal paperwork. You do not have to fill out several forms or submit documents to get yourself a health cover. In fact, some insurance companies issue a policy with zero paperwork with no document submission.

      8. Instant Policy Issuance

      When you buy a health policy online, your policy is issued almost instantly. You just have to enter a few details about the person to be insured like name, age, medical history, etc. With online premium payment, the process becomes quicker and you are issued with a policy in just a few minutes.

      9. Safer Transaction

      Buying a health insurance policy online is absolutely safe. You just need to visit an IRDAI-approved website and pay the premium online for your selected plan. IRDAI or the Insurance Regulatory & Development Authority of India has registered websites that are genuine and have safe payment gateways. You can use a debit card, credit card, net banking or UPI to pay your premium online safely on these websites. 

      10. Informed Decision

      One of the biggest benefits of buying a health policy online is that you can get feedback about an insurance company before buying. You can check the claim settlement ratio of an insurer to know how likely your claims are to get settled. You can know the incurred claim ratio of a company to know their financial health. You can also check the reviews of existing customers to know about the post-sales service of a company. As a result, you make an informed decision when you buy a health plan.

      Summing It Up

      Buying health insurance online after comparing their rate of premium and other benefits is exceedingly popular in India. People can not only find the best policies in minimum time but can also make all transactions online through safe and secure payment gateways. Besides, the absence of agents and related problems while purchasing online health insurance has led to better a claim settlement ratio for the insurance company. Thus, you must buy health insurance online for a quick and hassle-free experience.

      Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

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