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UN chief appeals for greater support for small islands fighting climate change
“We must have stronger support from the international community -...
Rising interest rates prompting more people to go in for term deposits:RBI Data
''Rising return on term deposits has been driving the compositional...
College students’ mental health worst-hit by the coronavirus-induced lockdown: Study
“Working professionals registered 41 per cent increase in emotions of anxiety/fear/worry, 34 per cent increase in anger/irritability/frustration, 17 per cent in hopelessness, the feeling of sadness was increased by 18 per cent and the sense of loneliness/boredom increased by 26 per cent,” the report noted.
COVID-19 should not be taken lightly:Harsh Vardhan
Nearly four crore tests have been conducted on people.
Union Health Minister Dr Harsh Vardhan said that the work to build 75 super speciality hospitals in the country was going on at a fast pace.
Jan Dhan scheme completes six years, benefits 40.35 crore people
“Today, six years ago, the Pradhan Mantri Jan Dhan Yojana was launched with an ambitious aim of banking the unbanked. This initiative has been a game-changer, serving as the foundation for many poverty alleviation initiatives, benefitting crores of people,” the prime minister Narendra Modi tweeted.
In August, 2020, out of total 40.35 crore PMJDY accounts, 34.81 crore or 86.3 per cent were operative,.
The finance ministry said the endeavour is to ensure coverage of PMJDY account holders under micro insurance schemes and improving access of PMJDY account holders to micro-credit and micro-investment such as flexi-recurring deposit etc.
Global reinsurers report weak half-year earnings as coronavirus claims intensify:Moody’s
Coronavirus-related claims increased significantly during the second quarter
Ongoing uncertainty regarding business interruption claims as policy forms and contract litigation vary
Pandemic related mortality losses in life reinsurance are rising
2020 California wildfires may lead to further spikes in reinsurance rates
The COVID-19 pandemic has significantly contributed to a hardening market, and given the current wildfire situation, reinsurers and alternate capital may demand significant rate hikes, which would result in higher reinsurance costs for primary carriers and make the risk-reward tradeoff to underwrite California wildfire risk a much more challenging decision going forward.
COVID-19 tally in India climbs to 33,87,500
The death toll climbed to 61,529 with 1,057 people succumbing to the diseases in a span of 24 hours, the data updated at 8 am showed.
The recovery rate was recorded at 76.28 per cent, while the COVID-19 case fatality rate has further declined to 1.82 per cent.
There are 7,42,023 active cases of coronavirus infection in the country which comprises 21.90 per cent of the total caseload, the data stated.
World Bank holds release of Doing Business report over data irregularities
“A number of irregularities have been reported regarding changes to the data in the ‘Doing Business’ 2018 and 2020 reports published in October 2017 and 2019. The changes in the data were inconsistent with the ‘Doing Business’ methodology,” a statement, World Bank Group said
Maha CM bats for states’ share in crop insurance scheme at 50%
Maharashtra Chief Minister Uddhav Thackeray also said that insurance companies should have their offices at district level, so that farmers can easily approach them for claim settlement.
Indian Govt permits meals on flights; airlines can put flyers on no-fly list for refusing to wear mask
As per the DGCA rules, an airline can choose to put an unruly passenger on its no-fly list after internal deliberations. Subsequently, other airlines may follow suit in putting that passenger on their no-fly lists.
Scheduled international passenger flights continue to remain suspended in India since March 23 due to the coronavirus pandemic. However, special international flights have been operating under the ”Vande Bharat Mission” and bilateral air bubble arrangements that have been signed with various countries.
More than 15 lakh lives covered under exclusive Corona policies:IRDAI chief
“We will be happy if more emphasis will be given by insurers on how to deal with the current pandemic and post pandemic.We will be delighted if more proposals come to deal with present situation,” Subhash C Khuntia, Chairman, IRDA
MR Kumar, chairman, Life Insurance Corporation, emphasized to focus on IDEAS- Investment opportunity, Distribution of insurance products, Economics and efficiencies, Administration of business & focus on technology and Solvency and soundness of the industry.