What's inside? 🧐
- Introduction
- Insurance Agents
- Banks
- Online aggregators such as Policybazaar or InsuranceDekho or Coverfox
- Insurance company websites
- Let's Summarise!
- How should you decide where to buy?
Introduction
Let’s say you’re thinking of buying a pair of good quality jeans for yourself. Thanks to the digital revolution, going to the mall for shopping is not your only option. You can simply browse hundreds of options on online shopping platforms such as Amazon or Myntra - and buy something instantly. The product will be delivered straight to your doorstep in a couple of days.
While this is super convenient, we all know - there’s a slight risk while buying clothes online. They might not fit you, the design might be different from what’s shown in the picture etc. So - there’s a decision for you to make.
Similarly, when you want to buy a term insurance plan - you will realise that you have a volley of choices as to where and how you can buy the insurance policy from. Agents to online insurance aggregators (Policybazaar, Coverfox, etc.) - where each option comes with its own advantages and disadvantages.
In fact, we recently received a question on our forum, from Sanket Pusalkar that when you buy a policy online, is it better to buy policies from aggregator platforms like Policybazaar or from the insurer directly.