Monday, 28 October 2013

Few tips to keep in mind when you go online while looking for an Insurance plan

By on 16:04

Online Insurance Purchase
It seems like every time you turn on the television, you encounter a commercial that asks whether you're paying too much for your insurance policy. Chances are you insurance advisor won’t be champing at the bit to tell you the answer, hence the burden is on your shoulder to find out.
With your laptop and a little planning, you can do it within an hour any time.
Whether you are looking for your first policy or you are looking for renewal or looking for better premiums, going online is a gateway to free insurance quotes, information about insurance providers, reviews about the insurers and other necessary information with no obligations. As well as lowest insurance premium is the other important aspect.
Let us take few tips to keep in mind when you go online while looking for an Insurance plan:

Online Insurance Search is not Just one Option: There are endless number of companies provides insurance solutions. There are only two ways to purchase insurance: you can purchase a policy in person through an insurance agent – A licensed individual who sells polices on behalf of one insurance provider or you can buy direct from an insurer online or offline.

You all are very much aware with the above two methodology. There is also a better way to do the same. You can compare the different insurance offering from top insurance providers under the one roof. Some licensed composite brokers provide free insurance comparison facility online from the leading insurance providers. Where you can find the best-suited insurance plans with few clicks.

Such composite brokers compile and provide information about insurance policies of various companies on a website. Online insurance purchase facilities are also available with authorized payment gateways.

Prepare before making search: When you shop for insurance online go one of the other routes and ensure that you come prepared with all the information you need to get best suited insurance quotes/plans. Few steps you can take to get low the insurance premium depending upon the insurance plans.

Shop Around: The cost of the same insurance policy can vary between companies to companies based on certain factors like marketing & advertisement cost, commissions paid to agents etc. To start comparing quotes, try login to composite insurance broker’s website like , or

Visit IRDA for any clarification: Insurance Regulatory and Development Authority- agency of Government of India for insurance sector supervision and development. If you're unsure if a prospective insurer is licensed validate through IRDA. If you have any concerns with insurance providers, report them.

Do not go by premium alone: Just because a company offers lowest insurance premium doesn’t mean you should let insure from that company. You must have to take a very close look of terms & conditions of the policy to ensure that policy matches all the required standards. You should also make sure that your insurer is financially stable before purchasing your policy.

About Bajaj Capital Insurance

Bajaj Capital Insurance Broking Ltd.(BCIBL) is a IRDA approved composite broker and is a group company of Bajaj Capital which is serving customer since last 50 years.


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