In insurance, the customer directly deals with the health, car, life, house etc. insurance company and buy a plan. The entire process requires less paperwork and is done via the internet, so it is cost-effective.
This savings is then distributed to the insured in the form of a lower premium. Online portals allow you to compare and understand different policies offered by different providers. You can learn different programs and make an informed decision.
When you buy insurance online, you are guaranteed a purchasing policy that suits your personal needs. Online Insurance plans usually offer lower premiums than offline ones.
The reason for this is very simple. The company notes distribution channel costs, infrastructure tariffs and other costs by reducing premium tariffs.