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Online Insurance Options for ULIP

Posted by Starwin on 14th December, 2009

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There was a time when you were at the beck and call of your life insurance agent. You had to call him and run after him for every life insurance related query. But now, reaching to your life insurance agent is not so easy, because he has got his hands full, more often that not. Not that you are complaining, as you have plenty of life insurance online options. Here are the insurance options available online

Online ULIP policy documents: You can download your online policy documents online. Just register with the insurance site online, get your User Id and password, and you are set to get online insurance policy documents online.

ULIP E-Statement: Online E-statements for insurance are sent by all insurance companies to update you about your fund status. You do not have to wait for a statement to come to your door. Using your online insurance login Id and password, you can get online insurance statements.

Premium payment for ULIP online: You can make payments to your insurance online through credit card or -ebanking. There are insurance companies that have ties with post offices that collect premiums like for instance, Aviva India. You can also make payments towards your insurance through direct debits or ECS.

Online switch transfers for ULIP: Keep in mind the changes in the stockmarket, insurance companies allow you to switch your online insurance portfolio from debt to stock, or vice versa. And, for this you don’t need to call your insurance agent constantly. With your account online, ie; USER ID and Password, you can do online switch transfers for your insurance.

ULIP SMS alerts: SMS Alerts about your insurance are important to know your unit value, premium due dates and other updates. To get SMS alerts for insurance, register for the service through their customer care center or onlinet

Customer care for Insurance Online: All companies have their customer care numbers to service their clients. You can get information through the IVR(Interactive Voice Response) by following the instructions on the phone. You can also choose an option on your phone to talk to a customer care executive

ULIP Premium calculator online: Premium calculators for insurance online help you in calculation of premium for insurance policies. They are useful and handy tools to calculate the premium or benefits available with the insurance policy.

ULIP Benefit Illustration: The insurance regulatory body has made it compulsory for companies to supply benefit illustrations (with 6 per cent and 10 per cent) with every policy sold. However, many there are companies like ICICI Prudential and Birla Life that help you create your own illustration online with parameters that you choose on your own.

Need analysis tool for ULIP: Almost all insurance companies are equipped with ‘need analysis tools’ on their websites to help you understand how much cover and saving is required at a given point of time. The life insurance analysis tools also show how much you need to save today for retirement planning. To do so visit the website of the online insurance company, and you will be able to find the ‘need analysis’ tool. There are also other online insurance tools like tax planner, risk analyser and wealth planner.