How to buy a term plan online

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How to Buy a Term Plan Online
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• It is much like car insurance where at the end
  of the term, if the car hasnt suffered any
  damages the insurer isnt liable to pay back the
  premium
• But we still buy it cause because it provides
  risk cover. Its the same with term life
  insurance
• There are two ways in which one goes around
  buying insurance.
• One is the old, traditional way of buying it
  through an agent, who more often than not is a
  family member or friend and the other is the
  newer, quicker way of purchasing the policy
  online.

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• Term insurance is the most cost effective way of
  insuring your life.
• It comes at a low premium and the payouts are
  sizeable.
• Its the most cost effective type of insurance
  policy. But the fact that on maturity the
  policyholder does not receive anything.
• since there is no investment option in this type
  of insurance is what holds people back from
  buying it.

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• People shy away from buying insurance online
  because they think its too complicated and
  theyre often scared of handling finances on
  their computers.
• But in reality buying a term plan online is no
  different than placing a shopping order on your
  favourite site.
• But to make things easier for you, here are a few
  things you need to keep in mind when youre
  selecting and buying your online term plan.

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• Claim settlement record of the life insurance
  company as per the Insurance Regulatory
  Development Authority of India.
• This is like a background check on your insurer.
• Be sure to read any comment or testimonials
  provided on their site as well to know what kind
  of service they provide

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• Affordability Before buying the insurance
  properly calculate the premium amount youll be
  paying.
• Include that in your monthly expenses and
  budgets.
• This will help you plan your finances better. 

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• Service Go through the website and social
  media, if any, of your insurer. Read what people
  are saying about them.
• Read what kind of service they provide for their
  policy holders both while purchasing and during
  the term of the insurance.