What is group term life insurance?
As per statistics, every 5 minutes someone buys an online term plan in India (Economic Times, 22nd Oct 2012). With the expansion of broadband services and their penetration across small towns in the country, the sale of online term insurance seems to be on an upward stride. There are several reasons behind the popularity of online shopping for term plans. The most obvious one being the convenience with which you can purchase it. All you need is an internet connection and you can buy a policy when at home, working in office or even while travelling. Apart from convenience, there are several factors that pose as potent reasons to buy your term plan online. Let's take a look at some