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Online Insurance Policy provides the information on best insurance policy offered by companies in india, all types of insurance quotes like car insurance, life insurance, home insurance, travel insurance, health insurance and corporate insurance.
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ONLINE INSURANCE POLICY SERVICE http://www.onlineinsurancespolicy.com/
ONLINE INSURANCE POLICY INTRODUCTION • Online Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. • An insurer, or insurance carrier, is a company selling the insurance; the insured, or policyholder, is the person or entity buying the Online Insurance Policy. The amount of money to be charged for a certain amount of insurance coverage is called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice. • The transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate (indemnify) the insured in the case of a financial (personal) loss. The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insured will be financially compensated.
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ONLINE INSURANCE POLICY ADVANTAGES • As Internet penetration grows in India and a young generation of working professionals becomes increasingly comfortable with transacting online, we are seeing a surge in e-commerce in the country. There are 52 million active Internet users and India is expected to become the third largest country by Internet usage. Most of this growth will be driven by e-commerce as consumers continue to use the online platform to purchase products and services—from books, banking, payment of bills to buying insurance. The insurance sector is very much a part of this e-commerce growth story with the online insurance space fast gaining momentum. • Though currently term plans in life insurance industry are getting most of the attention and demand in the Online Insurance segment, with a slew of new products offered, motor and travel are also not far behind. Non-life insurance plans, especially motor, health and travel plans, are becoming popular among online buyers as policies purchased online bring a host of benefits over those bought through traditional offline channels.
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