Most Seamless and Optimized Customer Journey for Buying a Term Insurance Plan

Finance Guru Speaks: We all know the importance of term life insurance plans. A term insurance plan ensures that your dependents/family members are financially secured even in your absence.

There are many options available in the market. While researching on term life insurance we came across various comparison sites and brand website promoting their term life insurance plan.

After various positive reviews you can think of checking out Edelweiss Tokio Life. 

The term plan seemed comprehensive and provided multiple benefits. One major benefit provided by Edelweiss Tokio Life – MyLife+ is that it’s the only plan which provides a life cover up to the age of 80. 

Since, there is no survival benefit which is provided in term insurance plans, we were convinced that we needed a term insurance plan which will provide a longer life cover at a reasonable premium amount. 

The plan convinced us but what amused us was the website. The look of the website was appealing; it looked like any other ecommerce website and not a typical life insurance website. The entire buying journey was smooth. There is an online advisor named ‘Ed’ who will guide through the entire process. Also one can navigate from one page to another very smoothly. You can purchase the plan online at the convenience of your house. What's great? Once you purchased you will be immediately assisted by a representative who even set your medicals as per your convenience. 

Edelweiss Tokio Life is also the proud insurer of the entire Indian Olympics team at Rio’16.

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How To Open Term Deposit (TD) Account in Kotak Mahindra Bank Using Internet Banking?

Finance Guru Speaks: This article will show you how you can open Term Deposit (TD) in Kotak Mahindra Bank using Online or Internet Banking.

You can follow below steps to open the TD in Kotak Mahindra Bank through Internet banking:-

1. Open Kotak Mahindra Bank Online Banking Website.

   

   Kotak Mahindra Bank Login Page

2. Provide your login details like CRN (Customer Relationship Number) and Password. Click on SECURE LOGIN button. 
3. In the next page, generate the Dynamic Access Code. It will be send to your registered Email ID and Mobile Number.

   

   Dynamic Access Code Generation Page

4. Provide the Dynamic Access Code and click on SECURE LOGIN.
5. Once the Home Page gets opened, go to Banking -> Deposits -> Open A Term / Recurring Deposit link as shown below.

   

   Click to enlarge - Kotak Mahindra Bank TD Account

6. Select Deposit Type as Term Deposit and fill all the details as shown below.

   

   Click to enlarge - Term Deposit Details

7. Once done, click on Submit button.

Congratulations!! You have successfully opened TD account using Online Banking facility in Kotak Mahindra Bank.

Also read:

More Articles on Kotak Mahidra Bank

 

Images Courtesy: Kotak Mahindra India

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How To Pay LIC Insurance Policy Premium Online?

Finance Guru Speaks: Wondering how to pay your LIC Insurance Premium online? If yes, then you have reached out to the right article.

Life Insurance Corporation of India (LIC) is the largest insurer in India that provides several insurance products with various other services to keep track of policy status, and premium details and pay policy premiums. Earlier insurance product holders used to pay their premiums at the LIC office or through LIC agents, but now they can easily check LIC policy status and pay their premiums online using the online payment facility. The online payment facility is applicable for premium payments, policy renewals, tracking policy details, etc.

To use the LIC online payment service, you need to get registered with them first. 

How to enroll your Insurance Policy on the LIC Website:-

1. Login to LIC India Website and click Customer Portal -

Enroll Policy on LIC Website

2. Click on the Sign Up link - 

Enroll Policy on LIC Website

3. Enter the relevant policy details to enroll -

Enroll Policy on LIC Website

After successful registration, you can change or enter your profile information and list all the policies registered under your name. You can also enroll all the policies of your family members in your account too, to know their policy status, premium due dates, etc.

Adding Policies to LIC Online Account:-

After successful registration, you can log in to your online LIC account by providing valid login details such as UserID/Email/Mobile, Password, and Date of Birth. 

Goto My Apps on the Home page and click on Basic Services -

LIC - Add New Policy

To add policies to your account, click the Add New Policies link and provide the policy details such as the name of the policyholder, policy number, etc., and click on Submit - 

Click to enlarge - LIC - Add New Policy

Once you provide all information correctly, it should reflect the policy details and display the policy under your account. Once the policy gets added, you should be able to pay premiums. 

Paying LIC Policy Premium Online:-

 

To pay your policy premium online, you need to go to My Apps and click on the Pay Online link -

Paying LIC Policy Premium Online

On the Next page, you can Select Policy Type, select Policy, and click on Check & Pay. It is shown below -

Click to enlarge - Paying LIC Policy Premium Online

Recheck the details and click on Check & Pay -

Click to enlarge - Paying LIC Policy Premium Online

On the next page, choose the Payment Gateway and make the payment.

Images Courtesy: LIC Website

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