Term Insurance plans! What would you prefer - Online or offline?

I am planning to buy a term insurance plan. What would you prefer? buying it online or offline? and which according to you is the best term insurance plan in india... ?

asked Feb 24 '12 at 15:12 by Radha 1111


Online term insurance have lower premiums because of non involvement of any agent/commissions etc. If one can buy term insurance online why pay extra amount via offline route.

However online term insurance is not available for everyone. Some of the products are only available in selected cities. Some product don't accept online application in case a person has some medical history. Some does not accept smokers/tobacco users.

Best term insurance would be LIC online term insurance. But its not out in market yet and there have been speculation about same for long time. LIC has best claim settlement ratio.

After LIC, HDFC and ICICI are private companies which have good claim settlement record. So you may opt for HDFC Click 2 Protect or ICICI iCare plan.

answered Feb 25 '12 at 15:43 by Pankaj Batra 5.2k320

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Asked: Feb 24 '12 at 15:12

Seen: 2,754 times

Last updated: Feb 25 '12 at 15:43