February 17, 2012 3:09 pm
I want to buy a term plan. Now what is the difference between online and offline term plan.
and also which is the best available term plan?
please help me out..
@ashal & @Abhishek both are correct. While online term plans tend to be cheaper they are good as well.
The insurance company doesn’t treat online and offline term plans differently while settleling the claims.
According to be Aviva i-Life is a great term plan..
Dear Suneeta, the basic difference lies in the prem. charged in the online & offline term covers. Other is as rightly pointed out by dear Abhishek, presence of Agent in case of offline.
A lot of insurer are now offering online plans & almost all insurer have offline term covers. Please opt the insurer where you are comfortable.
Offline will have an agent to help u, while in online, u are directly taking a plan from the company. Its cheaper online. You can choose ICICI Pru, Kotak whichever is cheaper.
All the best !
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