Yes, purchasing a term insurance plan is beneficial and you can buy it directly from your insurance company’s website within a few minutes. Buying the term insurance plan online helps you purchase it in much less time when compared to offline purchase. In addition to a faster purchase process, the term insurance plans turn up to be more economical when purchased online due to fewer distribution costs, no agent's commissions, and so on. Also, online purchase of term insurance plans allows you to make payment through fast and secured payment options such as net banking, debit cards, credit cards, etc.