Advantages and disadvantages of online insurance plans
As you will have no agent to help you out, you should read the policy document carefully and understand its implications fully
LIC also has online insurance plans. However, LIC term plans are more expensive when compared to other insurers with a good claim settlement ratio. Purchasing insurance online is convenient and cheaper than using an agent. Pure term covers are also simple products. Websites of insurance aggregators also allow you to compare quotes from all leading brands and find the best deal. Online insurance purchases have their share of shortcomings, too. Since no agent is involved, you should read the policy document carefully and understand its implications fully.
There are some points that you need to remember while making online purchase of insurance plan. Ensure that you make a comparison of policies from various companies. Once you have chosen the policy you will be required to provide personal details such as date of birth, address, sum assured, medical history, your present state of health, etc. Ensure that you provide exact and correct details.
Do remember that the objective of an insurance cover is to acquire the sum assured amount when there's a claim. In the case of an online term plan, your nominee has to coordinate with the insurance company directly for the claim settlement. But in the case of an offline plan, the advisor/broker is a one point contact and will work on your behalf to help you get the claim from the insurance company.
Top 10 Tax Saver Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
------------------------------
Leave your comment with mail ID and we will answer them
OR
You can write to us at
PrajnaCapital [at] Gmail [dot] Com
OR
Leave a missed Call on 94 8300 8300
------------------------------
Posts
No comments:
Post a Comment