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.
LIC's Jeevan Shikhar is a participating, non-linked, saving cum protection single premium plan wherein the risk cover is ten times of Tabular Single Premium. The proposer will have an option to choose the Maturity Sum Assured. The premium payable shall depend on the chosen amount of Maturity Sum Assured and age at entry of the life assured. This plan also takes care of liquidity need through its loan facility. The plan will be open for sale for a maximum period of 120 days from the date of launch. 1. BENEFITS : a) Death Benefit: On death during first five policy years: Before the date of commencement of risk : Refund of Single Premium without interest. Single Premium mentioned above shall not include any extra amount if charged under the policy due to underwriting decision and taxes. After the date of commencement of risk : "Sum Assured on Death" equal to 10 times the tabular single premium shall be payable. On death after completion of five policy years but b...