• India CSR Awards 2025
  • Guest Posts
Sunday, July 6, 2025
  • Login
India CSR
  • Home
  • Corporate Social Responsibility
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Education
    • Gender Equality
    • Around the World
    • Skill Development
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • ESG
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Interviews
  • SDGs
    • No Poverty
    • Zero Hunger
    • Good Health & Well-Being
    • Quality Education
    • Gender Equality
    • Clean Water & Sanitation – SDG 6
    • Affordable & Clean Energy
    • Decent Work & Economic Growth
    • Industry, Innovation & Infrastructure
    • Reduced Inequalities
    • Sustainable Cities & Communities
    • Responsible Consumption & Production
    • Climate Action
    • Life Below Water
    • Life on Land
    • Peace, Justice & Strong Institutions
    • Partnerships for the Goals
  • Articles
  • Events
  • हिंदी
  • More
    • Business
    • Finance
    • Environment
    • Economy
    • Health
    • Around the World
    • Social Sector Leaders
    • Social Entrepreneurship
    • Trending News
      • Important Days
        • Festivals
      • Great People
      • Product Review
      • International
      • Sports
      • Entertainment
    • Case Studies
    • Philanthropy
    • Biography
    • Technology
    • Lifestyle
    • Sports
    • Gaming
    • Knowledge
    • Home Improvement
    • Words Power
    • Chief Ministers
No Result
View All Result
  • Home
  • Corporate Social Responsibility
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Education
    • Gender Equality
    • Around the World
    • Skill Development
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • ESG
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Interviews
  • SDGs
    • No Poverty
    • Zero Hunger
    • Good Health & Well-Being
    • Quality Education
    • Gender Equality
    • Clean Water & Sanitation – SDG 6
    • Affordable & Clean Energy
    • Decent Work & Economic Growth
    • Industry, Innovation & Infrastructure
    • Reduced Inequalities
    • Sustainable Cities & Communities
    • Responsible Consumption & Production
    • Climate Action
    • Life Below Water
    • Life on Land
    • Peace, Justice & Strong Institutions
    • Partnerships for the Goals
  • Articles
  • Events
  • हिंदी
  • More
    • Business
    • Finance
    • Environment
    • Economy
    • Health
    • Around the World
    • Social Sector Leaders
    • Social Entrepreneurship
    • Trending News
      • Important Days
        • Festivals
      • Great People
      • Product Review
      • International
      • Sports
      • Entertainment
    • Case Studies
    • Philanthropy
    • Biography
    • Technology
    • Lifestyle
    • Sports
    • Gaming
    • Knowledge
    • Home Improvement
    • Words Power
    • Chief Ministers
No Result
View All Result
India CSR
No Result
View All Result
Home Finance

Advantages of Buying health insurance from different insurance intermediaries

The customer can get the required information directly from the insurance company and decide on making a purchase decision.

India CSR by India CSR
in Finance
Reading Time: 6 mins read
Health Insurance in India
1
SHARES
72
VIEWS
Share Share Share Share

There are different advantages of buying a health insurance policy from different insurance intermediaries


Health insurance is an agreement between the insurance company and the insured customer in which the insurance company agrees to pay a certain amount to the insured customer in case of hospitalization due to any illness or disease in return for a nominal amount known as premium. The insurance company employs different insurance intermediaries to sell the health insurance policies such as insurance brokers, individual agents, banks, web aggregators, direct call centers of the insurance company etc. There are different advantages of buying a health insurance policy from different insurance intermediaries which is explained below.

1. Insurance Broker

Insurance broker is a type of insurance intermediary authorized by the insurance company to sell the health insurance policies on its behalf. Here are the advantages of buying a health insurance policy from an insurance broker:-

Multiple quotes

Insurance brokers are permitted to deal with multiple insurance companies by the insurance regulatory and development authority of India, IRDA. This means that the insurance brokers can tie-up with all the insurance companies offering health insurance and can provide the health insurance quotes from multiple insurance companies to the customer. Multiple quotes mean multiple options for customers to choose from. Having multiple options leads to comparison and selecting the best one from the lot.

Time saving on research

Insurance brokers know in and out of the health insurance policies of different insurance companies and can advise the customers accordingly. They would do research and diligence on all the health insurance policies available in the market which saves the time and energy of the customer. All you have to do is state your requirement in a health insurance policy to the insurance broker and the best health insurance policy would be suggested by the insurance broker.

Negotiation on premium

Insurance brokers are good at negotiating the price with the insurance companies as they have the business potential to offer to the insurance companies. If you plan to take a group health insurance policy, then the insurance brokers can negotiate hard with the insurance companies on your behalf to reduce the premium payable thereby saving your hard earned money.

Legally Liable

Insurance brokers are the only insurance intermediaries who are legally liable for the deficiency in services provided by them to their customers. Insurance brokers can be sued by the customers for suggesting wrong insurance policies which is considered as deficiency in services.

2. Agent

Individual agents are the individuals who are permitted to sell the health insurance policies on behalf of the insurance companies. For any insurance company individual agents form a considerable force and generate highest revenue when compared to other insurance intermediaries. There are certain advantages of buying a health insurance policy from an individual agent which are mentioned below:-

Available at remote places

Insurance agents are available even in the remotest areas where the other insurance intermediaries would not be available. In addition to this insurance agents would be well known to the people of the area and can have access to the insurance through the individual agent available in their area.

Trust

Health insurance is sold mainly on the trust factor as it is an intangible product. Insurance is not tangible which means that there would be no product to show to customers or give a demo while making the sale of insurance. Health insurance is a service which can be experienced mostly at the time of claim. People trust people more than they trust machines and this is the advantage of individual agents and the reason for agents becoming a huge force in the insurance industry when compared to other insurance intermediaries.

3. Bank

Bank is a financial institution that deals with lending of money, accepting deposits and other third party services such as insurance, mutual funds etc. There are certain advantages in purchasing a health insurance policy from the bank as mentioned below:

One place – Many services

Banks have the advantage of providing all the financial services at a single place which means that the customers need not have to visit different offices for different financial needs. Health insurance policies are available in the banks as banks are tied-up with insurance companies. These insurance companies offer their services to the customers of a bank. Customers can contact the bank staff in case of any claim related query which would be resolved immediately as there would be more than one service point for the customer.

Multiple options

Banks can tie-up with up to 3 health insurance companies, 3 general insurance companies and 3 life insurance companies. This simply means that the customer can have multiple options to take health insurance policy as the bank can provide quotes from multiple insurance companies even though the number of quotes that bank can provide would be less than that of an insurance broker.

4. Web Aggregator

Insurance web aggregators are the insurance intermediaries which collect, analyze, compile and provide information of different health insurance policies of different insurance companies. Web aggregators operate entirely online and the entire process of health insurance sale is done online without the need to meet offline. Below are the advantages of taking a health insurance policy from insurance web aggregators:

Save Time & Energy

Insurance web aggregators save time and energy of the customer by allowing them to take the health insurance policy online. There would be no need to visit the insurance office to fill the proposal form or any other details and then get the health insurance policy. All the formalities can be done by sitting at home or office and the health insurance policy would reach the address of the customer without sweating much.

Readily available

Insurance web aggregators provide the insurance instantly in most of the cases such as motor insurance. In the case of health insurance , web aggregators do the research and provide comparisons of health insurance policies of different insurance companies on their website. Here the customer would be benefitted as the research is done by the web aggregator and is also displayed on their website. All the customer has to do is give basic details which are required for a health insurance policy and make the purchase.

5. Direct insurance company

Insurance companies also sell their health insurance policies directly on their website online acting as an intermediary to themselves without paying any commission. There are certain advantages of purchasing a health insurance policy directly from the insurance company which are listed below:

Less premium

Insurance companies usually pay a percentage of the premium amount of the health insurance policy as commission to the insurance intermediaries. In case of direct website sale by the insurance company, the commission would not be paid and the same would be passed to the customer in the form of reduction in premium. Customers purchasing a health insurance policy from the website of the insurance company can avail 5-10% discount on the premium.

Direct dealing

The other advantage of purchasing directly from the insurance company is that the customer would be dealing directly with the insurance company representative through the call center of the insurance company which eliminates the need for any intermediary. The customer can get the required information directly from the insurance company and decide on making a purchase decision.

IndiaCSR Whatsapp Channel
Tags: Health Insurance

India CSR offers strategic corporate outreach opportunities to amplify your brand’s CSR, Sustainability, and ESG success stories.

📩 Contact us at: biz@indiacsr.in

Let’s collaborate to amplify your brand’s impact in the CSR and ESG ecosystem.

India CSR

India CSR

India CSR is the largest media on CSR and sustainability offering diverse content across multisectoral issues on business responsibility. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting.

Related Posts

Drive Financial Efficiency with The Power of Smooth GST Payments
Finance

Chhattisgarh: Coal Trader Arrested in Rs. 512 Crore GST Fraud

2 days ago
5
Business Loan
Finance

Key Challenges Faced in Securing Business Loans in India and How to Tackle Them

4 days ago
16
Financial
Finance

From Paycheck to Prosperity: How Smart Habits Pave Your Way to Financial Peace

2 weeks ago
0
Travel Insurance
Finance

What You Must Know About Travel Insurance Before Heading to Australia?

3 weeks ago
2
Health Insurance Plan
Finance

What is the Cost of a Rs 10 Lakh Health Insurance Policy for a Family of 4

3 weeks ago
2
Marine Cargo Insurance
Finance

Reasons Behind Marine Cargo Insurance Claim Rejection

3 weeks ago
25
Home Insurance Plan in India
Finance

How to Choose the Best Home Insurance Plan in India?

3 weeks ago
0
Term Insurance
Finance

From Chaos to Clarity: How Term Insurance Simplifies Financial Planning?

3 weeks ago
0
Home Loan Tenure
Finance

Understanding Home Loan Tenure and Why It is Important

4 weeks ago
0
Load More
India CSR Awards India CSR Awards India CSR Awards
ADVERTISEMENT

LATEST NEWS

ग्रामीण महिलाओं को सशक्त बनाने में मील का पत्थर साबित हो रही सखी उत्पादन समिति

Motilal Oswal Foundation Launches ₹100 Cr Rural Youth Empowerment in Rajasthan

Alyssa Carson: Aspiring to be on the First Human Mission to Mars – the Red Planet

Alyssa Carson: 10 Interesting Facts Every Girl Must Know

Alyssa Carson: The Blueberry Dreaming of Mars

Top Hacks to Save on Your Comprehensive Car Insurance Premium

HZL HZL HZL
ADVERTISEMENT

TOP NEWS

CSR: Honda India Foundation Wins Bhamashah Award for Excellence in Education in Rajasthan

CIMP Hosts World Management Conference 2025 on the Theme of Business Resilience

Muthoot Microfin Transfers Rs 2.58 Crore to Unspent CSR Account for FY25

ONGC Supports Amarnath Yatra

CIMP ने बिजनेस रेजिलिएंस की थीम पर वर्ल्ड मैनेजमेंट कॉन्फ्रेंस 2025 की मेजबानी की

Alyssa Carson: Aspiring to be on the First Human Mission to Mars – the Red Planet

Load More

Advertisement

Image Slider
content writing services Guest Post Top 5 Reasons to have Sponsored Posts at India CSR – India’s Largest CSR Media stem learning R2V2 Technologies Private Limited

Interviews

Himanshu Nivsarkar, Senior Executive Vice President and Head of CSR & ESG at Kotak Mahindra Bank
Interviews

Driving Sustainable Impact: An Interview with Himanshu Nivsarkar, Kotak Mahindra Bank

by India CSR
May 22, 2025
144

By Rusen Kumar NEW DELHI (India CSR): Himanshu Nivsarkar, Senior Executive Vice President and Head of CSR & ESG at Kotak...

Read moreDetails
Balamurugan Thevar, CSR Head at Shriram Finance

Empowering Women Drivers: An Interview with Balamurugan Thevar, CSR Head at Shriram Finance

May 20, 2025
218
N E Sridhar, the Chief Sustainability Officer at Titan Company Ltd.

Empowering Rural Craft Entrepreneurs: An Interview with N E Sridhar, Titan Company

May 15, 2025
103
Geetaj Channana, the Head of Corporate Strategy at Vivo India

Empowering Young Innovators Across India: An Interview with Geetaj Channana, the Head of Corporate Strategy at Vivo India

April 25, 2025
56
Load More
Facebook Twitter Youtube LinkedIn Instagram
India CSR Logo

India CSR is the largest tech-led platform for information on CSR and sustainability in India offering diverse content across multisectoral issues. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting. To enjoy the premium services, we invite you to partner with us.

Follow us on social media:


Dear Valued Reader

India CSR is a free media platform that provides up-to-date information on CSR, Sustainability, ESG, and SDGs. They need reader support to continue delivering honest news. Donations of any amount are appreciated.

Help save India CSR.

Donate Now

donate at indiacsr

  • About India CSR
  • Team
  • India CSR Awards 2025
  • Partnership
  • Guest Posts
  • Services
  • Content Writing Services
  • Business Information
  • Contact
  • Privacy Policy
  • Terms of Use
  • Donate

Copyright © 2025 - India CSR | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Corporate Social Responsibility
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Education
    • Gender Equality
    • Around the World
    • Skill Development
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • ESG
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Interviews
  • SDGs
    • No Poverty
    • Zero Hunger
    • Good Health & Well-Being
    • Quality Education
    • Gender Equality
    • Clean Water & Sanitation – SDG 6
    • Affordable & Clean Energy
    • Decent Work & Economic Growth
    • Industry, Innovation & Infrastructure
    • Reduced Inequalities
    • Sustainable Cities & Communities
    • Responsible Consumption & Production
    • Climate Action
    • Life Below Water
    • Life on Land
    • Peace, Justice & Strong Institutions
    • Partnerships for the Goals
  • Articles
  • Events
  • हिंदी
  • More
    • Business
    • Finance
    • Environment
    • Economy
    • Health
    • Around the World
    • Social Sector Leaders
    • Social Entrepreneurship
    • Trending News
      • Important Days
      • Great People
      • Product Review
      • International
      • Sports
      • Entertainment
    • Case Studies
    • Philanthropy
    • Biography
    • Technology
    • Lifestyle
    • Sports
    • Gaming
    • Knowledge
    • Home Improvement
    • Words Power
    • Chief Ministers

Copyright © 2025 - India CSR | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.