GENERAL insurance company Cholamandalam MS has announced the introduction of the facility termed Click Easy car insurance to buy and renew motor insurance policies online through its website www.cholainsurance.com. The site also offers other features like live chat interface, branch/agent/garage locator, etc. In the health section, individual policyholders can log on to print their health e-cards, locate hospitals of their preference and also view their claim status. The company will also provide online claim intimation utility.
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...
