In today’s life, we have so many needs. Career, marriage, children’s education and upbringing, accommodation, rent, a four-wheeler, and an international trip. Most of us may not have the funds to provide for the family and maintain a standard of living. Taking an insurance cover helps us manage potential risks and helps us lead a peaceful life in the event of untoward incidents.
Now think about health. What happens when someone in the family suffers from an accident, critical health problem, or needs urgent medical help for health-related woes? Medical services aren’t pocket-friendly anymore and are difficult to access sometimes. Diagnostic tests, hospitalization, surgery, and post-operative care all require financial resources on the patient’s end. Online medical insurance is a health cover that provides flexible plans with exclusive protection in clear and transparent terms and tax-saving benefits. Here is what makes choosing an online health insurance ideal than an offline policy.
- Gives You A Wide Choice
There are several health insurance policies available online to suit different needs. Each online health policy offers exclusive features, benefits, and coverage at respective premiums. Considering the wide choice of online medical insurance policies, you can compare the options and narrow your search for a health insurance provider.
Given the abundance of online health insurance players, compare policies by reading the fine print before buying one.
- Eases The Comparison
To buy an appropriate health policy, you will approach different insurers. Comparing health policies online is a relatively simple process. You can do so by visiting various health insurance companies’ websites or comparing by browsing web aggregators’ portals. Online comparison will take a few minutes, which you can do anytime from the comfort of your home or office.
- Makes Transaction Easy
Buying online health insurance is a simple and swift process. Enter details like name, age, city of residence, family member details, existing illnesses, required sum assured, and rider options. You will get a customized health insurance quote instantly. If satisfied with the quote, apply for the health insurance plan by e-filling the application form. After form-filling and payment, your health policy will be sent to you at your registered email address. No paperwork; just browse health insurance providers, compare plans, select, and pay through card or internet banking.
- Safe and Secure
Health policy purchase is entirely safe, provided you buy it from a professional and trustworthy insurance company. Reputed insurance companies rely on secured connections and encryptions to protect customers from cyber fraud. They also have secured payment methods like online payment wallets, debit/credit cards, and internet banking.
- Absence Of Middlemen
Online health insurance policies do away with the need for insurance agents or go-betweens. Medical insurance companies can sell online policies directly to prospective buyers without agent intervention. Hence, the process is faster and reduces the cost because of the absence of intermediaries’ commissions or fees. That’s why online health policies are much cheaper than offline insurance policies.
- Transparent Terms And Conditions
Most online medical insurance companies list their policies’ terms and conditions lucidly on their website. This helps future insurance buyers make an informed decision after carefully evaluating the policy riders. When buying health insurance from agents, they may hide certain information from you while selling the policy.
- So Much Convenience
In buying offline medical insurance, you will have an agent visiting you to explain the policy and work out his commission. In an online medical insurance policy, there is no need to visit an insurance office physically with print copies of your documents. Everything from documentation to the premium happens online. Just power up your mobile, laptop, or tablet, and let your fingers do the rest. The entire process is online, seamless, and takes a few minutes to complete.
- Pre-And Post-Sales Services
When you buy medical insurance online, you can avail yourself of pre and post-services from the insurer. Most online health insurers offer insurance calculators to help you find out your insurance premium before a formal purchase. This enables you to make an informed decision. All the policy details are made available online and 24X7 support. You can use the live chat facility in case of doubts. For post-sales service, online health insurance providers send you premium receipts, a soft copy of your policy bond, and premium renewal reminders online. It is so methodical from pre-sale to post-sale.
- Overcomes Geographical Barriers
When you buy medical insurance online, you need not worry about the insurer’s office distance and proximity to your place as you buy the policy virtually. Aside from policy purchases, you can file claims and settlements online through the insurance company’s website. There are no physical boundaries in firming up and following up on online health insurance.
Wrapping Up
Considering the medical inflation and treatment costs, it is crucial to go for an online medical policy to avoid burning a hole in your pocket. The secured payment gateway on medical insurance companies’ websites ensures smooth and safe transactions and is time-saving. When buying online health insurance, take adequate cover for future health expenses. Assess your health conditions before deciding on an online health insurance company.
