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Why Should I Buy Retirement Plans Online?

Published On Jul 10, 2021

We are living in a pandemic which still hasn’t gone and is unpredictable. Just a few months ago everything was closed, including our offices, shops, stores, schools etc. Did the world stop functioning? No, because everyone started working from home and more than 50% of the things went ‘online’. Not only did our corporate offices and schools started operating online, insurance companies too did and so did all their plans. 

It is quite obvious that with insurance companies operating totally online, you don’t anymore need to go to the branch offices to pay your premiums, clarify doubts about your policy, they are even offering online redressals and to your surprise, you can even buy an altogether new policy online. 

Yes, you heard it right, from comparing the best returns on investment to the customer satisfaction index of a company to finally buying the policy, paying its premiums, adding riders, everything can be done online just on a careful click. Same goes with buying retirement plans. Read ahead to know the benefits of buying retirement plans online:

Advantages of Buying A Retirement Plan Online

With insurance companies going online, both the customer and the company’s task has reduced and become fast in comparison to the old traditional ways. Here are the advantages of buying a retirement plan online:

  • You Can Find The Best Plan For You

The best thing about buying a retirement plan online is the availability of millions of resources available on the internet. According to the rules and laws set by the authorities, every insurance company has to be crystal clear and transparent about the services it offers, the inclusions and exclusions of its policies and put up everything on their website so that the customers can access it anytime. Similarly, all the companies do this and a wise investor would do proper research, check which policy is the safest and give the best returns and would invest into it.

  • You Save On Your Time And Energy

As all your surfing, research procedure, the initial steps of signing up to the policy to the final procedures of attaining the policy would be online, you will save a lot on your time and energy which would otherwise might have been spent on going from one insurance office to another and messing it up all at the end of the day. Online processes are fast, simpler and generally free of all hassles which makes it convenient and user friendly for you.

  • Background Check Becomes Easy

Be it mutual funds or normal life insurance policies, the IRDA and the other competent authorities have set strict guidelines for the insurance companies to be transparent in their business and upload their business statistics and reports online and visible to the whole world. This way, you just have to login to your insurer’s website and read everything that is present on the website. In most cases, the information is updated and true however it is advised that you should do some market research as well as you will be spending a good amount of your savings. 

  • It Reduces Management Hastles

The details of a retirement plan bought online will be stored online, you would receive timely reminders about premium dues, bonuses etc. while you sit back peacefully at home. With online auto debit options, you don’t even have to actually take the pains of taking out time to pay your premiums as it is automatically debited from your account according to your set options. This way you are free of management hastles and lead a free life. 


It is very much probable that the whole world will go absolutely online in the coming time and the process has already begun. By buying retirement plans online, you get all the resources in one click and get to choose the best for you so you can be a little tech friendly and secure your post retirement future in one click. 

Also read 

Unit Linked Pension Plans - A Smart Choice For Your Retirement

Factors to Consider When Buying Retirement Plans

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.           

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