The premium is comparatively lower when you buy a policy online as it is a direct transaction between the buyer and the seller. You save on the commission and other operational costs while buying a policy online.
Buying a policy online ensures transparency as one can check the credibility of the insurers and the claim settlement ratio from the regulator’s website.
An online policy helps you compare features on different platforms and helps you take a decision based on accurate information.
When you buy an insurance policy online, the policy is issued to you instantly and you get the policy documents on your registered email id as soon as the payment is made.