Step-by-step guides to buying term insurance online or offline
Buying term insurance as a salaried employee is straightforward: show your Form-16, salary slips, and you are done. For freelancers, the process is entirely different. Insurers do not know how much you earn, how stable your income is, or whether you can sustain premium payments for 20-30 years. That is where your financial documents come … Read more
Household budgets are no longer predictable. Prices for food, rent, fuel, and education often rise faster than salaries. If you calculate insurance or emergency cover based only on today’s costs, you may fall short when expenses climb. Learning how to factor in rising and unstable expenses is necessary to avoid being under-insured. Cheat sheet Expenses … Read more
Term insurance premium ranges for ages 25–50 across ₹50 lakh to ₹2 crore cover. What’s fair, what’s overpriced, and the 5 factors that drive your cost up or down.
Online term insurance gets the headlines, but most Indian families still buy through the traditional offline route. According to IRDAI’s 2024 annual report, nearly 45% of life insurance premiums were still sourced through offline channels such as agents, bancassurance, and branch visits. This preference exists because many buyers value face-to-face interaction, guidance, and handholding in navigating complex financial products. In … Read more
Term insurance is one of the most cost-effective ways to secure your family’s financial future, yet many buyers struggle at the very first step: getting a quote. In India, insurers and online aggregators provide quotes instantly, but few understand how these quotes are calculated, what factors influence them, and why two insurers may offer very different premiums for … Read more
In the last decade, the way Indians purchase insurance has undergone a major shift. Buying term insurance online has become not only convenient but also cost-effective, with insurers now offering digital-first journeys. IRDAI-classified online sales remain below 1% of industry premium, but insurer websites and aggregator platforms now handle the bulk of research and quote comparison for … Read more