Should I Buy Child Insurance Online or Offline?

The Child Insurance Plans are available for purchase via both Online and Offline modes. When you purchase the Child Insurance Policy with the help of an Insurance Advisor it is called the Offline Mode and when you purchase the Policy Online from a particular website by yourself then it is called Online Mode. Though we are living in the Digital Era and everything is available Online, there are still many misconceptions among people related to reliability, authenticity, and security concerns.

There is another reason many people prefer purchasing these Policies Online because of the lesser cost involved as there are no mediators or agents involved.

What Is A Child Insurance Plan?

The Child Insurance Policies provide double protection for your Child. The first bit is the security or you can call the Insurance Cover. Life will bring many challenges in the future and the Child Policy will make sure that your child is protected from these challenges. The second aspect is the Savings Part which will provide Monetary Benefits to your child so nothing can affect the dreams and goals of your Child.

Why Should I Purchase A Child Insurance Policy Online?

Following are the benefits of purchasing a child plan online - 

• Multiple Options Available

When you are looking to Purchase a Child Insurance Plan the most difficult task is to decide which one you should choose. There are multiple options available but still, it becomes much easier to navigate and decide because there are aggregators available Online who will offer you options available in the market and will give you in-depth knowledge and comparison between them. This facility is not available Offline when you are dealing with an Agent.

• Brand and Quality

This Another Benefit as when you are purchasing the Child Policy Online and deciding to create a secured future for your child, you would want everything to be precise and genuine. This is why when you purchase the Policy Online you will directly deal with the company or the brand itself which means all the details and information available on the application or the website will be genuine and crystal clear. Everything will be in front of you and there will be no hidden terms and conditions.

• Less Costly

The reason purchasing these Plans Online will cost less than doing a purchase Offline because there will be no intermediaries involved. When you purchase these pans Offline through an Agent there will Additional Costs such as Commissions which will result in a hike in the processing charges. The Child Insurance Plans available Online are 30% to 70% cheaper.

• More Flexible

Purchasing Policies Online is much more flexible than purchasing them Offline. You will have access to all the details and information of the policies where you can compare and choose the Child Insurance Policy that suits you the best. Though it seems a tiresome task it plays as an advantage as you will have full control.

Why Should I Purchase A Child Insurance Policy Offline?

Benefits of purchasing a child plan offline -

• Higher Claim Amounts

The Companies use clickbait methods to attract the customer. This is a way of promoting the product, however, it also attracts the Customer to Purchase the Child Insurance Policies Offline. Hence, when a company offers a Higher Sum Assured at a minimal Premium then it makes much more sense to purchase the Policy Offline.

• Additional Benefits

 When you Purchase the Policies Online you will get benefits only in some cases and that too when you pay an extra Premium. Purchasing the Policies Offline will give you an advantage as these Policies will also provide cover against Critical Illnesses and Permanent Disabilities.

• Let the Agent do the Work

 It becomes difficult for working people to take out the time to do the research and the rest of the tiresome tasks. When you Purchase a Policy Offline you get a dedicated Insurance Agent who will take care of all the Paperwork, Documentation, and Legal Formalities.

Conclusion

It depends on various factors whether you want to purchase the Child Insurance Plan Offline or Online. We all have different Lifestyles, Different Perspectives, and different Commitments, hence you can choose the mode that suits you the best and after that choose the Policy that does the same.

Also Read: 

Things To Look for Before Purchasing a Child Plan

How Are Child Plans Different From Sukanya Samriddhi Yojna ?

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.