Career Search

Thursday, January 4, 2018

ICICI Lombard Solar Panel Warranty insurance policy

   Best ELSS Funds Online



 ICICI Lombard General Insurance has launched a cover for solar park developers by insuring the park owners. The standalone insurance product aims to give comfort to lenders and investors and will support project finance.

The product will be distributed through the company's branches and affiliated agencies.

The domestic solar power industry has seen phenomenal technological growth over the past few years, especially given the government's push with The National Solar Mission initiative. The mission focuses on promoting solar power in the country under the National Action Plan on Climate Change.

This has led to a rise in the country's solar power generation capacity from 2,650 MW in May 2014 to 12,288 MW in March 2017. Out of this, 5,525 MW capacity was added in 2016-17, the highest in any year.


In order to promote the solar industry in India, the Government of India has mandated all PSUs to consume 30 percent of power from solar energy. To support this capacity, there is an increased level of activity which brings along with it associated risks. Risk and uncertainties are present throughout each phase of solar project lifecycle from construction to operation and through its lifecycle to decommissioning. In addition to conventional risks, the new risks associated with solar industry are degradation in performance of modules due to equipment defects and even due to lack of sunshine.

Alok Agarwal, Executive Director, ICICI Lombard General Insurance, said: "The viability of solar power projects depends largely on the performance of solar modules. Also, the risks associated with this industry are different compared to the conventional power generation sources, such as thermal power plants. Thus, a comprehensive solar panel insurance product would help in covering the various risks associated with developing, building, operating, owning and investing in solar power projects."

This product covers the solar park developer for at least 15 years from the start date of commercial operation of solar parks.

The Solar Panel Warranty Insurance caters to solar park developers with the park owner as the insured and sole beneficiary. The policy safeguards the insured against performance degradation of PV modules, under performance warranty due to  faulty manufacturing, material defects and material ageing



Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Top Performing Tax Saving ELSS Funds. Save Tax Get Rich

Top 10 Tax Saving Mutual Funds of 2018

Best 10 ELSS Mutual Funds to Invest in India of 2018

1. Tata India Tax Savings Fund 

2. Sundaram Diversified Equity Fund

3. DSP BlackRock Tax Saver Fund

4. Mirae Asset Tax Saver Fund

5. Birla Sun Life Tax Relief 96

6. ICICI Prudential Long Term Equity Fund

7. Invesco India Tax Plan

8. Reliance Tax Saver (ELSS) Fund

9. BNP Paribas Long Term Equity Fund

10. Axis Tax Saver Fund


Invest in Best Performing Tax Saver Mutual Funds of 2018

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms


For further information contact SaveTaxGetRich on 94 8300 8300

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

OR

Call us on 94 8300 8300


No comments: