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What exactly is e-insurance and how is it different from normal insurance?
Wiki User
∙ 13y ago
e-insurance refers to insurance sold online. Which means that you just log onto to the insurance company's portal, select the product, select the payment option as in monthly, quarterly, half yearly or yearly and buy it off instantly. There could be mandated procedures one has to necessarily to offline, but these could be minimal. The thing is that it is simple and convenient. And in case of life insurance, cheaper! General insurance policies such as motor insurance are readily available online e.g. ICICI Lombard. Some life insurance companies have also launched cheap term plans online. e.g. Kotak Life, Metlife
Wiki User
∙ 13y ago
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