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.
Post Office MIS vs Mutual Fund MIPs Post office Monthly Income Scheme has for long been a favourite with investors who want regular monthly income from their investments. They offer risk free 8.5% returns and are especially preferred by conservative investors, like retirees who need regular monthly income from their investments. However, top performing mutual fund monthly income plans (MIPs) have beaten Post Office Monthly Income Scheme (MIS), in terms of annualized returns over the last 5 years, by investing a small part of the corpus in equities which can give higher returns than fixed income investments. The value proposition of the mutual fund aggressive MIPs is that, the interest from debt investment is supplemented by an additional boost to equity returns. Please see the chart below for five year annualized returns from Post office MIS and top performing mutual fund MIPs, monthly d...
