Subscribe to RSS

With plethora of insurance companies in the market, with a variety of policies to offer, people often get confused, due to which buying an insurance policy is not that easy as before. Selling insurance products online removes the agents cut which makes insurance companies offer the same insurance product at lower premium. But whenever we plan to buy an insurance plan, the very first thing that comes to our mind is whether we should contact the insurance agent or buy it online. When you want a service where a person i.e agent comes to your doorstep, understands all your insurance needs and offers an insurance product which suits your needs, then you should go for offline insurance over online. On the other hand, if you and your family understand the basic terms of the insurance policies and you have time to search the best policy on the insurance portals available online then you can save some premium by purchasing your insurance policy online. If you have plans to stay abroad for longer period then you must understand the importance of student insurance. A student insurance policy offers the blend of medical and travel insurance for the student travelling abroad for higher studies.
Choosing an insurance policy is one of the pre-requisites that makes you eligible to take admission in some of the universities abroad. Your medical expenses :- Your policy should cover all your medical expenses like illness, accident etc. Study discontinuation expenses :- If you discontinue your study due to your poor health then your policy should cover your losses. Sponsor Protection Expenses :- Your policy should also cover your sponsor (parents) against accidental expenses when you are abroad. Loss of passport :- Your policy should also cover losses due to loss of your passport during your stay abroad. Loss of checked-in baggage :- Your policy should cover loss of checked-in baggage during travel.
Your policy should also cover you against any bailable crime or damage to a public property.
Some Indian insurance companies offer insurance products for students going abroad but the cost of policy varies depending on the country they are travelling.
We understand that going abroad for further studies is a hectic task as it requires students to get a prospectus, fill forms, give exams and more.
But to facilitate customers, now insurance companies are posting all the details regarding there products on their official websites.
Convenience :- The online offerings of insurance companies allow customers to get insurance at the convenience and privacy of their home. Cheaper Premium :- With competition growing intense, insurance companies are creating their space online by offering cheaper premium than offline policies.


Higher Sum Assured :- Most of the companies selling insurance products online also offer higher sum assured. Compare :- Online details of insurance companies allow you to get all the information about all the insurance plans available in the market.
Saves From Misselling :- Consumers can directly visit the official website of the insurance company to check the available online plans and buy the same from online portal. Online Insurance Claims :- With online presence, most of the insurance companies also allow their online customers to make their insurance claims online.
Lesser Understanding Of The Insurance Product :- Buying insurance plan online may not give you the complete understanding of the insurance product you are buying. No Personal Service :- Buying insurance policy online will make you interact directly with the insurance company and eliminate the role of insurance agent.
Online Scams :- Apart from other cons of buying online insurance, you better be sure the insurance product you are buying is genuine and the platform you are using if official. As agent will not only give you the complete details about the insurance product but also collect the papers and cheque from your place and deliver the policy documents at your doorstep. Besides saving some premium, it lets you compare various insurance policies available in the market.
Stay tuned to Fingyan by following Fingyan Official Facebook Page and sign up for our free newsletter. If you also have any such plans then there is something very important for you to know i.e Student insurance policy. So it is always better to get the details from the official website of the university and take the required policy from the country you belong to, else it may get you into trouble in future. The countries having expensive medical treatments like USA and Canada, cost higher  compared to other countries.
But you should not forget to buy a students insurance policy to keep yourself safe from future troubles. This online facility not only helps customers to compare and choose the best insurance product which suits there needs but also lets them buy the same at lower premium.
Most of the insurance companies offer insurance policies at around 30-40% cheaper premium compared to offline policies.
Some websites even offer you tools to compare deals of multiple insurance companies, to help you shortlist the one with acceptable terms and conditions and low premium.
This not only reduces cost but also reduce the chances of misselling which usually happens in case of buying insurance products from insurance agents.


Number of websites review different insurance plans available in the market which can help you take the right decision. This is one of the most useful and convenient processes initiated by few companies which allows customers to get their claim money easily. As all individuals do not understand the terms used by financial institutions, this make you buy insurance based on the premium amount and the insurance cover against the premium whereas there are lot more clauses in insurance policies that you need to know and understand before buying an insurance product. And the service of insurance agent which keep you informed about the status of your policy, help you in claim settlement will not be available. Buying insurance product online involves submitting your financial information on the company website so better be careful in selecting the online insurance website and make it sure that it is a secured site before disclosing your personal and financial information. Even when you claim your policy, the agent will help you get maximum claim and in lesser time.
Here, it is very important for at least one member of your family to understand the claim process. Student insurance policy is offered to protect insured from unexpected expenses like medical expenses while studying abroad.
As medical treatments are very costly, this policy covers the cost of any medical treatment required by the insured. Other than that, you can also discuss about policies on online forums to get suggestions from existing policy holders and insurance experts. But for all this service, there is going to be some commission which you as a policy holder have to pay in the form of premium. As in case of claim on your policy, a member of your family will have to contact the insurance company for claiming the insurance. Moreover, if the insured meets with an accident or becomes disabled, then this policy would help them to recover from the losses. Apart from this, it also offers the benefits of travel insurance which covers loss of passport or baggage while travelling.



Vin car specifications database
Check car warranty status xbox




Comments to «Online insurance vs offline insurance agency»

  1. Ledy_MamedGunesli writes:
    Sgi Mobile responsive design is all about our.
  2. Tenha_Qaqash_Kayifda writes:
    Imported or is deregistered which a lemon verify will present.
  3. admiNeo writes:
    Place one tire rotation, oil change, or brake inspection to something more serious, schedule.