Is online term insurance safe and best option?

[NITESH009]

Is online term insurance safe and best option? I know that the premium is less, but many people says there may be claim issues in taking online option that the insurance company may denies claims. Please give your advise.

[>take]

Online same as offline just one difference that there is no agent in between. Claim payment depends on many things like - details provided at the time of insurance application, type of claim etc.

[LastWarrior]

Nothing wrong with online insurance plans. Most of the claim rejections happens due to non discloser of facts at the time of insurance proposal.

What are the main reasons of claim rejections?
1. Non discloser of details of existing and simultaneous policies from all insurance companies of the life to be insured
2. Non discloser of pre-existing disease of the life to be insured
3. Non discloser of Family History of the life to be insured
4. Non discloser of smoked or consumed tobacco products of the life to be insured
5. Non discloser Lifestyle Details of the life to be insured

Read more - Link (http://www.policywala.com/content.php/342-Why-online-term-insurance-claims-got-rejected)

[marksteve71]

Insurance quotes are a great tool to dodge the middle man or the broker between the purchaser and the insurer. And this is the prime reason why insurers are encouraging customers to purchase insurance of their choice online. And online insurance quotes are used primarily to serve this purpose.

[lindadale]

Is online term insurance safe and best option? I know that the premium is less, but many people says there may be claim issues in taking online option that the insurance company may denies claims. Please give your advise.


Yes surely online term insurance is safe and off course best option because there is not any difference in online insurance just we can take this policy without agent that's it there is no any other difference.