5 Benefits To Buy Online Medical Insurance Policy

3 min read

The sedentary lifestyle that a lot of us have been following, poses a lot of risks when it comes to health hazards. If that wasn’t enough, the ongoing pandemic has made matters worse. With so many issues and risks looming around, opting for a health insurance plan is a smart choice.

And buying a health insurance policy online swings things back in your favour. Here are the top five benefits to buying health insurance plans online:

1. Better Understanding of Policies

If you buy medical insurance online, you can evaluate various features and benefits without having to interact with your insurer. Insurer’s websites have all the details related to their policies, which you can review at your convenience. As you buy medical policy online, you end up understanding the plan clearly.

2. Easy Processing

When you buy medical policy online, it brings in a host of convenience features. Minimal documentation is one of them. Unlike the process of buying a policy offline, online policies have minimal paperwork.

The application process is easier as well since you are required to enter only a limited set of information. If you have any doubts or confusion, you can make use of the several tools at your disposal. These tools include live chats, phone calls, and even video chats.

3. Convenience for Everyone

Whether you are a first-time buyer or have experience in buying policies online, there is something for everyone. When you buy medical insurance online, the insurer’s website has all the details related to the policy. You can go through the policy features, add-ons available, exclusions of the plan, etc., and make an informed decision.

You can also make your claims online and view their status with the help of a few mouse clicks. And if you wish to know the hospitals where you can opt for cashless claims, the insurer’s website will have all the details.

4. Save Time

Should you buy medical policy online, you do not have to visit an insurer’s office or have multiple calls with insurance advisors. You can visit the website of an insurance aggregator or the website of an insurer and proceed with the purchase. You can buy a new policy, renew an existing one and even apply for claims online. Thereby, saving you a considerable amount of time.

Policyholders who are yet to become senior citizens can opt for online policies since they do not have to undergo any medical tests.

5. Affordable Policies

Compare insurance plans online before you finalize or pay the premiums. One of the biggest perks is that you are more likely to get it at a lower price than offline mode. Since online plans usually do not have any intermediaries, you benefit from the same. For a policy bought offline, you can get a policy with a higher sum assured as well, when you buy medical insurance online.

As you compare insurance plans, the above are some of the immediate benefits for you. As you learn to compare insurance plans, there is a lot of freedom and savings to have had.

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Gayatri Prabhu, Head-Digital Business at Mahindra Insurance Brokers Limited (MIBL) is one those few digital leaders who has the width and depth that is required to execute an ROI driven holistic digital strategy. She cuts through the noise, identifies the critical levers and leads her team to successful execution of the defined strategy. Her core mantra to win new and retain existing customers is: understand the consumer behavior and craft experiences around it.

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