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.
WE ARE all familiar with the anxiety and uncertainty that we feel when applying for a loan. After all, it's the lender who decides whether we can own our dream home, our first car, or whether our children can pursue higher education. In a nutshell, a better life depends on the lender's decisions. While other factors do play a part in the lender's decision, the Cibil Credit Information Report ( CIR ) plays a crucial role in a lender's decision to approve a loan application. Previously, lenders would treat all loan seekers equally. Each applicant, if approved by the lender's internal credit policy, would be charged at the same interest rate for a particular loan size and purpose. The lenders would charge a higher interest rate to all the borrowers, in order to compensate for the possible default of a small portion of the loan disbursed. In other words, it's like a professor (the lender) punishing an entire class (borrowers) for the mischief played b...
