ICICI Lombard General Insurance has started offering the facility of renewing health policies online. Now the customer has the option of changing the tenure of the health policy, the sum insured, to add or remove insured members. The premium can be paid through the net banking account, credit card, debit card or cash card. Once the customer completes the process of online renewal, the insurance company will mail a soft copy of the new policy certificate along with a transaction confirmation SMS; health card; 80 D tax certificate and a free health check-up coupon, the insurance company said in a statement. A hard copy of the renewed policy is dispatched within seven days to the customer's mailing.
NHAI, PFC file prospectuses, coupon rate not yet decided MORE debt investment options have opened up for investors with AAA rated tax-free bonds worth over Rs 14,000 crore lined up. The National Highway Authority of India ( NHAI ) and Power Finance Corporation ( PFC ) are offering Rs 10,000 crore and Rs 4,033.13 crore worth of tax-free bonds, respectively, as per prospectuses filed with the Securities and Exchange Board of India (Sebi). Of a Rs 5,000 crore issue by PFC, Rs 966.87 crore has already been raised through private placement on September 28 and November 1. Tax-free bonds give investors tax-free return on any amount invested. In another kind of bonds, the long-term infrastructure bonds, investments up to Rs 20,000 are tax exempt, that is this cap amount can be deducted from the taxable income. Accordingly, the NHAI prospectus has clarified that only the amount of interest from -and not the actual investment on -its new bonds will be tax-free. "NHAI's publ...
