Published on 30/10/2020 5:12:50 PM | Source: PNB Metlife

In this digital era, here`s why you should go for online term insurance plans

From shopping to food to buying insurance, people have switched to the internet. Going online has remarkable benefits. The most obvious benefit to buying online term insurance plans is that you can study and analyse all the data and make an informed decision. While digital India continues to stride forward, here are some more reasons why you should also opt for an online term plan.


  1. Compare and buy - When you buy a term insurance plan online, you get the option to compare different policies and buy the one that suits your needs the most. You can check out all the policies at your leisure, from the comfort of your home. Most of the questions you have are already answered online. This saves you a lot of time and helps you take the right decision.
  2. Easy paperwork - Buying an insurance policy usually involves filling up a lot of forms. A single mistake forces you to start over with a fresh form. When you are filling up the same form online, you can correct any mistakes then and there itself. If you miss out filling any critical information, the system reminds you at the time of the form’s submission. The process is not complete until every ‘T’ is crossed and every ’I’ is dotted.
  3. Claim Settlement Ratio - The insurance companies that give you the option to buy insurance online, will give you access to all the data, including the claim settlement ratio. When you buy online term plans, you can check  the claim settlement ratio, which should be one of the deciding factors in helping you choose the right insurance company.
  4. No Fraud - Insurance companies give you access to all the data at one place. You can check the terms and conditions online and refer to them whenever you want. You can bookmark the website’s address, take printouts or screenshots of the page itself so you do not have to go online every time you want to check something out. When you buy insurance online, you are completely aware of what you’re getting.
  5. More ways to access customer support - People have the most questions while filling out the insurance forms. But when you’re filling up the same forms online, you have help at hand with the live chat option. Ask your question and get answers immediately. You can also approach the call centre for help, which makes the whole process much easier. Thanks to these options, you can even set up a face-to-face meeting with a representative for detailed clarifications. Customer service also plays a crucial role during important times like claim settlement. You can follow up and coordinate with customer service centres to get your claims processed with minimal hassles. 


As we have now seen, online term plans have many advantages. It is up to you to decide the channel which suits you best. The world is moving online and even insurance companies have now started offering plans online. So keep pace with progress buy your future term insurance plans online. Harness the convenience of modern technology to your advantage.


The aforesaid article presents the view of an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability or medical complications incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ health advisor before making any decision.


PNB MetLife India Insurance Company Limited 
Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka 
IRDAI Registration number 117 | CIN U66010KA2001PLC028883 
PNB MetLife Mera Term Plan is an Individual Non-Linked, Non-Participating, Pure risk premium Life Insurance Plan | Product UIN Number – 117N092V03 
#Maximum maturity age: 99 years for all options (except Joint Life cover option), Joint Life Cover option: 75 years (applicable for both Primary & Secondary life). 
For more details on risk factors, please read the sales brochure and the terms and conditions of the policy, carefully before concluding the sale. 
Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time. 
The marks "PNB" and "MetLife" are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks. 
Call us Toll-free at 1-800-425-6969, Phone: 080-66006969, Website:, Email: or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203. 

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