While it is easy enough to calculate insurance premium quotes given the high level of interaction, there are some points to note while calculating and comparing premiums online. Insurance life online quote.
Here is a step by step guide on comparing life insurance quotes online:
Enter the sum assured you are looking for
Choose the premium paying term – this could be one-time, equal to the policy term or lower than the policy term
Note down the premium amount for every insurer
Compare the premiums but do not rush into anything – check with the insurance agent for his views on why certain quotes are high/low
In this age, when time is at a premium and the internet is so easily accessible there is an easier way – log onto websites of life insurers and check the premium rates online for your specifications. About every insurance company has a website and most if not all invest a good deal of time and money to make their websites really interactive and friendly for visitors seeking online quotes or even basic plan features.
Broadly these are the advantages of online term plans:
Life insurance agent
Premium rates are usually lower as compared to offline insurance policies
Faster turnaround – usually takes three weeks for an insurance company to revert on whether or not the policy has been approved with some cases even resulting in quicker approval
Little to zero paperwork
No need for medical checkup in certain age groups and assured sum value
Term plans are relatively more affordable than alternatives like endowment plans
Individuals can opt for a cover that is more representative of their income level and lifestyle
You can get a discount on the premium for specific cases, like being a non-smoker for instance
You can separate the investment portion from life insurance by investingin line with your risk profile and investment objectives
Which insurance plan is most suitable?
There are two ways to arrive at the answer.
The first is the good old-fashioned way of collecting all available information on term plans from various life insurers. You do this by:
calling up the agents or the insurance company offices
listing down all inputs methodically in writing or on an excel worksheet
compare plans to arrive at the one most suited to a person of your age and income profile
Life ins quotes online
While there might be more inputs and steps involved, these are the basic that suffice in most cases while comparing life insurance quotes online. Make sure you are consistent in entering details on every insurer’s website so as to arrive at an accurately compare life insurance plans.
Disclaimer: The entity is a subject to filling of a medical questionnaire