This move has benefited the customer and the country as a whole. Not only does it make things faster but it also puts across details in a simplified manner.
The following are some highlights of this internet movement with respect to insurance:
- Looking for Insurance: Searching for an insurance company in India is much easier than it used to be before. For example, earlier a person would have to go to insurance agents to have some idea of the kind of products available in the market and what each company offers. Nowadays, this whole exercise is complete in only a matter of minutes. All you need is to search for insurance online and there are a number of sites that come up to offer assistance to you.
- Deciding on a policy for purchase: As the insurance market in India has become more competitive, it has become important for the insurance companies to take significant and effective steps to make life easier for the consumers. Hence, they end up providing their prospective consumers with extremely handy tools to help in their decision making. Some of the tools being made available to the buyers of insurance policies include premium calculators, online help de nd tax benefit calculators.
- Acquiring a Policy: Buying an insurance policy has also been simplified by insurance companies in India. The paperwork that used to be associated with an insurance policy earlier has been completely replaced by paperless processes. Also, there is more flexibility in buying an insurance policy now as you can log in from the comfort of your home at any time of the day to buy your policy.
- Renewing a Policy: Renewal of insurance policies is another process that has seen simplification. Now, almost all policies can be renewed from any corner of the world. Furthermore, this whole process is done in a matter of minutes instead of days.
Therefore, it is not just the search process but the whole process of buying insurance policies that has been made easier by insurance companies in India