In India, online term insurance plans have become a huge hit with insurance buyers in the last two years. About every 18 minutes, an online term plan is bought in Inida. In the last 6-7 months, the 7 life insurance companies that offer such term plans have issued more than 15,000 policies with a combined cover of roughly Rs 9,200 crore.
Now a days more people prepare Online Term insurance because of less premium amout. For an example, Aviva Life Insurance's i-Life online term plan from costs Rs 15,275 a year, 4O year man for 20 years
The online plans sold since April, 2011 offer an average cover of Rs. 62.5 lakh. Aviva Life Insurance, which launched its i-Life online term plan in May, 2011, has sold nearly 4,860 policies, with an average cover of Rs. 75 lakh.
Aegon Religare Life Insurance, the company that pioneered the online term plans in November 2009, has already sold about 17,300 policies, with an average cover of Rs 60 lakh. This adds up to a combined cover of a whopping Rs. 10,336 crore sold by one company through the online channel.
The absence of the agent in the entire process pushes the buyer to look at life insurance from a different perspective. It is no longer seen as an investment, but as a risk mitigation tool. It is no longer considered a tax-saving tool, but a way to cover risk.
Well-informed, independent decision making people taken this Online Term insurance. It takes about 20 minutes only.
Now a days more people prepare Online Term insurance because of less premium amout. For an example, Aviva Life Insurance's i-Life online term plan from costs Rs 15,275 a year, 4O year man for 20 years
The online plans sold since April, 2011 offer an average cover of Rs. 62.5 lakh. Aviva Life Insurance, which launched its i-Life online term plan in May, 2011, has sold nearly 4,860 policies, with an average cover of Rs. 75 lakh.
Aegon Religare Life Insurance, the company that pioneered the online term plans in November 2009, has already sold about 17,300 policies, with an average cover of Rs 60 lakh. This adds up to a combined cover of a whopping Rs. 10,336 crore sold by one company through the online channel.
The absence of the agent in the entire process pushes the buyer to look at life insurance from a different perspective. It is no longer seen as an investment, but as a risk mitigation tool. It is no longer considered a tax-saving tool, but a way to cover risk.
Well-informed, independent decision making people taken this Online Term insurance. It takes about 20 minutes only.
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