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Life is extremely unpredictable, none of us are aware of what exactly might show up the very next moment. The most prominent example of this fact is the COVID-19 outbreak that has paused our lives unexpectedly. None of us had the slightest idea that a microscopic organism can cause such mass destruction across the entire globe.
In order to ensure that we are safe against the strokes of uncertainties on the trail of life that goes through a series of ups and downs, it is vital to be well-prepared. The most fragile element of human life is health, it might appear to be in perfect condition but it does not even take minutes to worsen.
The best way to safeguard your loved ones is to take pre-cautions along with building a strong portfolio that includes insurance products. When it comes to safeguarding one’s health, the most important insurance product that comes into the picture is health insurance.
With the rise of technology and digitization purchasing health insurance plans online is becoming even easier. Online platforms have allowed people to explore more and more options very conveniently which contributes and increases the ease of a customer. If you haven’t got health insurance online yet, we will shed light on the top 5 reasons to purchase health insurance plans online in the UAE.
The majority of insurance providers not just in the UAE but all across have realized that the future of the industry demands a drift from offline platforms to online platforms. There are numerous reasons behind the much-needed transition out of which a primary reason is the abundance of choices. Buying health insurance plans online allows buyers to explore multiple options at one time without even moving from one place. The profusion of choices is one of the major reasons that make buying health insurance plans online more convenient and consumer-friendly in comparison to offline purchases.
Financial and insurance experts always emphasize on comparing insurance plans before purchasing them. Making valid comparisons between shortlisted products ensures that the chosen product at the end meets one’s needs, and budget. There are a plethora of web aggregators online that allow users to explore available options of health insurance plans online, followed by shortlisting and comparing different products.
The most typical part of getting a health insurance plan is purchasing it, with the help of online web aggregators one can easily purchase their desired product without any hassle. Purchasing health insurance online enables buyers to complete all the formalities without visiting the provider’s office. For example- Due to the COVID-19 outbreak most of the countries including the UAE have declared a state of lockdown to prevent the spread of the deadly virus. In such a scenario buying health insurance online will help the buyers to get their desired product based on their needs without even stepping out of their houses which turns out to be a crucial requirement these days.
Once the buyer is done with all the formalities of getting their health insurance plan online, the next step is the transaction i.e. initiating the payment to the provider in return to the service offered. Purchasing health insurance online not only helps in the initial stage of purchase but also in later stages i.e. transactions. Online purchase of health insurance plans provides the option of making online payments via digital modes of payment like credit cards, online banking, UPI payments, etc. Making online payments allows users to keep a well-versed track of the payment history and makes sure they do not miss any payment.
The traditional insurance industry was heavily dependent on agents and middle-men for generating revenue. Similarly, in order to get the desired product customers also had a high level of dependency on agents. However, with the introduction of online purchase facility, the industry has managed to eliminate the involvement of middle-men that is not only beneficial for customers as it saves money but also for providers as it increases their direct reach towards the customer. By purchasing health insurance online customers can save money that is paid in the form of commission and providers can expand their scope to reach their clients directly instead of providers.
In a Nutshell
There are several benefits of purchasing health insurance online when compared to conventional methods of purchases i.e. offline purchases. Since the number of providers in the health insurance industry is increasing substantially it is always a good choice to compare and validate details from the official websites of the providers to prevent fraud. Moreover, the most important factor that contributes immensely in deciding that the plan you’ve purchased is suitable for you is undoubtedly comparison. Buying health insurance online not only increases the scope and viability of comparison but it also allows buyers to explore more and more options based directly on their individual budget and requirements instead of getting individual quotes.