Here's all you need to know about the new process:Insurers will send the policy document and a copy of the proposal form through digital means. This will be sent to the registered e-mail id or mobile number provided by the customer only on the specific consent provided by the policyholder.The policyholders will need to be informed through SMS that the policy document or copy of the proposal form have been sent to their e-mail id or any other digital or electronic mode.A proper mechanism must be put in place by insurers in order to ensure that the documents are sent to the right email address and phone number. This could include an acknowledgment that is appropriately obtained or auto-collected on delivery.When documents are forwarded by electronic means, the mechanism of policyholder having received the document or the electronic platform having delivered the documents shall be maintained. It shall be clearly informed to the policyholder that the date of delivery of the … [Read more...] about COVID-19 impact | Now buy health, auto insurance online: Check out the process and documents needed
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There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine. … [Read more...] about Portfolio strategy: Mix ‘COVID-proof’ and ‘COVID-recovery’ stocks; here are 7 top buys
COVID-19 impact | Now buy health, auto insurance online: Check out the process and documents needed SBI Card gives customers option to restructure credit card payments into loans SBI, HDFC, ICICI Bank see surge in suspicious transactions during COVID-19: Report … [Read more...] about SBI Card to enrol ‘delinquent’ customers in restructuring plans: MD
Citing the announcement of Reliance Retail acquiring the retail & wholesale business and logistics & warehousing operations of Future group, the fund house said representations from the Future group suggest that NCDs are proposed to be repaid from the proceeds of this transaction. … [Read more...] about Wound-up debt schemes of Franklin Templeton see default from Future group firm
Besides fashion, in India, the big rental or pre-owned category is of luxury cars. According to Vinod Kothari, founder of Vinod Kothari Consultants that offers financial consultancy to brands and companies, “Brands such as Volvo and Daimler now allow leasing for three to four years and then agree to take back the asset, charging only about 60-65% of the asset cost over the lease term. In essence, the customer has the exclusive possession and use of the asset for those years, while paying only for a part of the asset cost. If the car is used for business, the rentals are tax-deductible.” … [Read more...] about Don’t have enough dosh to spend on a Prada gown, Gucci bag or a Rolls Royce? Just rent it!