MyInsuranceClub.com launches the ULIP comparison service

Mumbai, February 24, 2010 : Within 4 months of launch, the online insurance comparison portal, www.MyInsuranceClub.com has added a ULIP (Unit Link Insurance Policy) comparison feature also to its offerings.

ULIP which has been the hot selling product of most of the insurance companies in the last couple of years remains a star with customers because of the high yield capacity of the product as compared to the traditional insurance plans. Because this market-linked product is offered by the insurance companies, customers tend to view ULIPs as a safe haven with high returns.

Traditionally, Insurance plans have been sold through agents and other intermediaries and online aggregators are now seeing an increase interest in comparing and evaluating products on their websites before purchasing the product.

“With the new regulation from IRDA which caps the overall charges being levied, ULIPs are getting a favourable response from the customers. We are seeing an increasing number searching for market-linked products on our website,” explained Deepak Yohannan, CEO MyInsuranceClub.com. Manoj Aswani who heads Business Development added “Some insurance companies have also launched exclusive plans which can be purchased online. This has led to an increase in traffic to our website.”

To compare insurance and find the best insurance policies, please visit www.MyInsuranceClub.com


About MyInsuranceClub.com :
Myinsuranceclub.com is an India-based start-up organization focussed on the supply needs of the fast-growing retail insurance industry. The company leverages web technologies, analytical tools and superior customer experience to deliver unparalleled value to its insurance partners and end-consumers alike. Additional information may be found at www.myinsuranceclub.com

For further information, please contact:
Mr. Deepak Yohannan
contact@myinsuranceclub.com
Tel: +91 022 28463454