Delhi: In these tax-saving months, young professionals are turning to insurance websites to make easy investments
Who said youngsters are not worried about their financial security? They have just found an easier way to save.
As young professionals rush in to make last-minute investments to save on taxes, online insurance websites are becoming a big hit with them. Many of them have reported a 30 per cent increase in traffic in January alone.
These websites offer various investment services and options at the click of a mouse. One can compare prices of various schemes and even make investments online.
"The myth that only those above the age of 35 years invest in insurance policies has been busted. Many people between the age of 25 and 35 are now eager to secure their future. And mostly from the metros," said Yashish Dahiya, working with a leading online life and general insurance aggregator, Policy Bazaar. His website has been attracting many young investors from Mumbai, Delhi and Bangalore.
Harsh Roongta, CEO of Apna Insurance, said, "With around 1,500 people visiting our website this year, as compared to the 800-850 visitors we received in the same month last year, the traffic has almost doubled."
For busy youngsters online investment saves time and is handy. "I don't have time to look for an agent. For me, banking on insurance websites is very convenient," said Sidharth Sabikhi, an entrepreneur. Sabikhi has recently bought a medical insurance through a website.
Transparency and 24/7 accessibility give an upper edge to these insurance websites. Vinit Singh, an engineer, is searching the Internet for the best investment policy. He too prefers insurance portals. He said, "I don't trust agents. Every agent promotes the policy that brings him the maximum commission. Websites are more transparent. They exhibit all the policies. I can compare prices and buy the best one."
Source: http://www.mid-day.com/news/2009/jan/300109-tax-saving-months-young-professionals-insurance-websites-online-investments-services.htm
Who said youngsters are not worried about their financial security? They have just found an easier way to save.
As young professionals rush in to make last-minute investments to save on taxes, online insurance websites are becoming a big hit with them. Many of them have reported a 30 per cent increase in traffic in January alone.
These websites offer various investment services and options at the click of a mouse. One can compare prices of various schemes and even make investments online.
"The myth that only those above the age of 35 years invest in insurance policies has been busted. Many people between the age of 25 and 35 are now eager to secure their future. And mostly from the metros," said Yashish Dahiya, working with a leading online life and general insurance aggregator, Policy Bazaar. His website has been attracting many young investors from Mumbai, Delhi and Bangalore.
Harsh Roongta, CEO of Apna Insurance, said, "With around 1,500 people visiting our website this year, as compared to the 800-850 visitors we received in the same month last year, the traffic has almost doubled."
For busy youngsters online investment saves time and is handy. "I don't have time to look for an agent. For me, banking on insurance websites is very convenient," said Sidharth Sabikhi, an entrepreneur. Sabikhi has recently bought a medical insurance through a website.
Transparency and 24/7 accessibility give an upper edge to these insurance websites. Vinit Singh, an engineer, is searching the Internet for the best investment policy. He too prefers insurance portals. He said, "I don't trust agents. Every agent promotes the policy that brings him the maximum commission. Websites are more transparent. They exhibit all the policies. I can compare prices and buy the best one."
Source: http://www.mid-day.com/news/2009/jan/300109-tax-saving-months-young-professionals-insurance-websites-online-investments-services.htm
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