Not exact matches
Life
insurance can then be obtained online,
while the company is also developing online capabilities for critical illness and disability
insurance (which are currently offered
offline).
Offline term plans are those that are sold through traditional methods such as through an agent or a branch,
while online term plans refer to term
insurance plans that are sold over the internet.
So you will notice that
while the LIC Online Term Plan «e-Term» is definitely cheaper than their own
offline term plan, it is fairly expensive compared to other online term
insurance plans in the market.
While some SBI term
insurance plans can be bought online at a lower premium, other SBI term
insurance plans are available
offline and can be easily availed from other marketing channels like agents, brokers, bancassurance channel, etc..
In addition to that, online term
insurance policies are also cheaper than
offline medium of
insurance purchase because
while buying through online medium, you deal directly with the company without any involvement of middleman who charge commission for each policy.