5 Myths about buying a Term plan

Hello everyone.There are thousands of reason for  peoplenot buying term plan. So the question comes are they doing the right thing to their life and taking risk? Many myths are existing in the society due to why people are not motivated to buy an Team Insurance.  In this article we will discua 5 Myths about buying a Term plan. 

5 Myths about buying a Term plan

MYTH-1 Buying policy online is very difficult if you’re not too familiar with internet. There are a lot of steps and it would be difficult for me.

Buying a policy online now has very few steps and they have been simplified so that anyone with basic knowledge of internet can buy a policy with ease. Moreover, you receive help on the call as soon as you want it, to make sure that there are no mistakes in your application. You can also save your application and continue it at a later time if you’re unsure of anything. All these measures have helped many customers buy online with ease.

MYTH-2 If I’m buying online, my claim may not be settled.

When you buy a policy online you are buying directly from the company and hence there needn’t be any worries about a valid claim being rejected due to the reason. The claim settlement process is structured and goes through stages to verify your cause and eligibility for claims payout. The only thing that is necessary on your part is to furnish all the details correctly so that there is no discrepancy at the time of claim.

MYTH-3 I won’t be able to cancel my policy when I purchase it online

So  continuing the topic : 5 Myths about buying a Term plan.  now we are going to discuss Myth-3:Any communication present online is validated and on-record and hence the chances of any policy being wrongly portrayed are virtually nil. You have access to all the information required before making a decision so that cancelling it becomes not necessary. However, term plans bought online comes with the same facility of free look period wherein you can return/surrender your policy if you are not satisfied after buying, within next 30 days. Minimal charges are adjusted with the premium paid. The same can be done promptly through any of the communication channels.

MYTH-4 My personal information and payment may not be secure online.

All information about your’s provided online for the processing to  select the best plan for you is completely sequered. The informaiton related to payment alos kept secrete. So there is absolutely no chance of infomation misuse.

MYTH-5   I would need assistance in applying for a policy. There’s no one to assist me if I do it online.

In case of any assistance, customers can quickly reach  through the ‘Get a Call Back’ function and can get immediate assistance on-call. There’s also a co-browsing option available where a customer service executive can guide you by viewing your screen and knowing your exact problem.

So in this article we have discussed the 5 Myths about buying a Term plan. I hope you have liked the topic. Please comment below if you have any other myths othe than we have discussed today.

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