What are the characteristics of Internet insurance products compared to traditional insurance products?

With the advent of the Internet era, insurance gradually began to go from offline to online, and the term Internet insurance began to attract attention. So what are the advantages and disadvantages of Internet insurance? :

1, convenient and fast?

Internet insurance can directly choose to online insurance, support online intelligent underwriting, eliminating the tedious manual underwriting process, claims only need to upload the relevant information to the insurance company, as long as it meets the provisions of the contract, you can get the claim payment.

The whole insurance process is convenient, simple and efficient, allowing us to easily insure without leaving home.

2, cheap premiums

Internet insurance companies, compared to traditional insurance companies, do not need to open numerous offline outlets, and do not have to hire so many insurance agents, less of a variety of channel fees and commissions, etc., expenses, greatly reducing the operating costs;

Thereby, you can bring the pricing down, with a cheaper premiums and serve more users.

3, open and transparent

Selecting insurance products from online, we can directly check their coverage responsibilities, health notification, claims process and frequently asked questions, etc., and centralize and unify the different insurance products for a unified comparison and analysis, so as to select the ones that we really need and that are cost-effective.

Instead of just listening to insurance sales and choosing a high-priced insurance product that is not what you really need.

Disadvantages:

1, mixed, easy to be cheated

With the continuous development of the Internet insurance, there are many excellent Internet insurance sales platforms, but due to the relevant laws are not yet sound enough, it is inevitable that some speculators to exploit the legal loopholes, posing as an insurance sales platform, to fraudulent customer premiums.

It is recommended that when choosing an Internet insurance sales platform, you must first check whether the other party is formal and legal, and as far as possible, choose a well-known platform, such as Milkman Insurance. About the insurance platform can see here to understand: "What are the online insurance supermarket? Online insurance need to pay attention to what?

2, higher requirements for the insured

Internet insurance on the insured's insurance knowledge requirements are higher, because there is no salesman to guide and counseling, the lack of in-depth understanding of the insurance product, just fancy the product's publicity gimmicks, it is very likely to buy the insurance is not their real needs.

And in the case of claims or insurance, you need to collect and organize your own information on claims, and without the help of a salesman to deal with it, you may sometimes have to run a lot of wrong way.