Pandemic pool,with public-private-government participation, to cater 4 crore MSME workers,around Rs2000 crores of capacity expected from the industry and a substantial capacity coming from government in the form of backstop. Multiple trigger mechanism will be set separately for an epidemic and a pandemic event.Participation will be mandatory for the sectors which have been covered under the pool. This can be provided as a Standalone Product coverage for the event or as an add-on with the existing products.
“We are now putting the report on the formation of Pandemic Pool for the public feed-back and will soon set up the Pool,” said SC Khuntia, chiarman, IRDAI..
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Global coronavirus cases to soon surpass 30 million: Reuters tally
The official number of global coronavirus cases is now more than five times the number of severe influenza illnesses recorded annually, according to World Health Organization data.
Around the world, there have been almost 1 million deaths, considered a lagging indicator given the two-week incubation period of the virus. That has well exceeded the upper range of 290,000 to 650,000 annual deaths linked to influenza.
COVID-19 tally in India breaches 48-lakh mark; death toll climbs 79,722
The COVID-19 case fatality rate due to the coronavirus infection has further dropped to 1.64 per cent.
There are 9,86,598 active cases of COVID-19 in the country, while 37,80,107 people have recovered, the data stated.
India’s COVID-19 tally had crossed the 20-lakh mark on August 7, 30 lakh on August 23 and it went past 40 lakh on September 5.
According to the ICMR, a cumulative total of 5,72,39,428 samples have been tested up to September 13 with 9,78,500 samples being tested on Sunday.
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