How to buy insurance policy online

With technology, you can buy all your insurance cover online. But you should be able to buy the one that is the right fit for your needs. If you are planning to buy a home insurance cover you need to check the premium and the coverage. You also need to evaluate the claim settlement ratio and inclusions such as fire, earthquake and burglary. Exclusions are the key parameters such as loss of cash or damage due to war or electronic equipment.

Compare features, prices

If you are buying a travel insurance policy, the trip delay coverage duration could vary from 6 hours to 12 hours. In case of deductible the amount can differ across products even if the sum assured remains the same. Some portals may not give you the full cost of the product up front. Hence, when you are comparing the cost, recheck the charges at check out. You can also ask the company to send you a detailed break-up of features to compare your buy.

The process

Once you have decided to buy the policy, you will have to provide details about yourself. If you have a pre-existing disease and you have been asked about it, you should mention it upfront. In case of travel insurance, give your correct passport number and travel dates. Once you have made the payment, you will get your insurance policy on your email. Keep you policy handy with you so that it is accessible whenever you need it.