How do we help
With advancements in technology, it’s easy to compare and purchase an insurance product online. So, does it make sense to have an agent?
If we couldn’t find a way to add value to you and your family, we wouldn’t be here. The advantages of having an agent are:
Ram wants to take up life and health insurance. Let us look at the 2 possible approaches he could take, i.e., going through a professional vs purchasing it online on his own.
| Professional | Online | |
| Choosing the right policy | Choosing what is right for you | Decide on their own |
| Understand the product | Easy explanation of jargons and fine print | Do own reading |
| Choosing the cover amount | Exact cover to protect risks | Ballpark cover based on premiums |
| Timeline to select policy | 1 – 3 days | 1 day |
| Processing | Professional will coordinate and assist | Upload on their own and coordinate through helpline |
| Service and Claim Settlements | Quick service& assistance with queries/ claims | No direct contact, must contact through customer care or websites |
How to go about the process
The process will include requirement of certain documents of proposer to initiate and take up the insurance:
Documentation Checklist to get started:
Term Life insurance
The process will include the following:
- Require documents – PAN, Address proof, ITR/Payslips, Photo, Cancelled cheque leaf
- Initiating the proposal and uploading of documents on to the portal
- Payment of premium after reviewing the proposal. (The premium is subject to change depending on the outcome of the medical report)
- Fixing up of medicals and underwriting of the medical report
- Policy will be issued and active based on the outcome of the medicals.
Health and General insurances
- Requirement of ID proof and Address proof
- Initiating the proposal and uploading of documents on to the portal
- Payment of premium and fixing up medical test (for health – if required by the insurer) and the policy gets issued.
The claim process
