I guess you need not bother about insert, as long you have a precision of atleast 2. When you are fetching using select query, try using the select query as :
Select to_char(1234.4, 'fm9999999.00') from dual;
Select to_char(1234.45, 'fm9999999.00') from dual;
Select to_char(1234,'fm9999999.00') from dual;
Select to_char(1234.4567, 'fm9999999.00') from dual;