The country’s insurance penetration has fallen as the insurance...
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Centre issues advisory to social media intermediaries with focus on curbing deepfakes
"A formal advisory has been issued incorporating the ‘agreed to’...
No one wants used EVs, making new ones a tougher sell too
The problems are expected to intensify in 2024, when many of the...
LIC settles 16 COVID-19 death claims, extends prm payment grace period by one month
LIC’s policyholders can now pay premiums through any of LIC’s digital payment options without any service charge. Policyholders do not need to register on the website for paying premium but can directly pay by giving basic details.
In addition to providing facilities for online premium payments for existing policies, LIC has made five plans available online and these can be purchased with ease while at home. These plans are LIC’s Tech Term, which is a Pure Protection Plan, LIC’s Jeevan Shanti Annuity plan, LIC’s Cancer Cover, LIC’s SIIP and Nivesh Plus – the last two being ULIP plans which are available at very attractive NAV.
India decides to extend nationwide coronavirus lockdown till Apr 30
Modi is likely to give a televised address to the nation again to announce the lockdown extension. At the end of the four-hour meet today, PM Modi said he will allow industries and construction work to reopen in a graded manner. Other restrictions are also likely to be eased in a graded manner and another economic package for farmers is expected.
Ensure police protection to medical staff working during pandemic: MHA to states & UTs
“Now operations connected with the industry and processes such as feeding, maintenance, harvesting, processing, packaging, cold chain, sales, marketing, etc. have been allowed, but it will be the responsibility of heads of organisations to ensure that social distancing and proper hygiene procedures are strictly adhered to,” she said.
Covid-19 covers of ICICI Lombard and Digit Insurance to be available in Flipkart platform
‘Digit Illness Group Insurance’ offered by Digit Insurance allows consumers to avail a hospitalization cover up to a sum assured of Rs.1 lakh with an annual premium of Rs.511. Further, there is no limit on room rent or ICU. The policy covers 30 day pre and 60 days post hospitalization fee. Additionally, policyholders can also avail 1% of the sum assured for ambulance services.
Coronavirus pandemic:EPFO settles 1.37 lakh PF withdrawal claims worth Rs 280cr
“Employees Provident Fund Organisation (EPFO) has processed about 1.37 lakh claims across the country disbursing an amount of Rs 279.65 crore under a new provision especially formulated by amending the EPF Scheme to help subscribers fight Covid-19,” a labour ministry statement said.
Caronavirus Pandemic:Worldwide deaths from the coronavirus hit 100,000
The true number of lives lost is believed be much higher because of limited testing, cover-ups by some governments, and different counting practices. For example, in places like New York, Italy and Spain, many victims who died outside a hospital — say, in a home or a nursing home — have not been counted.
South Korea reports recovered coronavirus patients testing positive again
South Korean health officials said it remains unclear what is behind the trend, with epidemiological investigations still under way.The prospect of people being re-infected with the virus is of international concern, as many countries are hoping that infected populations will develop sufficient immunity to prevent a resurgence of the pandemic.
Coronavirus impact on Swiss Re absolutely manageable,says official
Schmid said that he expected to see an increase in demand for coverage against pandemics. But insurers’ capacity to take on such a systemic risk has limits and governments must also be involved, he said
Multiple billion-dollar severe weather outbreaks affect the U.S. during March, Aon cat report
Steve Bowen, Director and Meteorologist within Aon’s Impact Forecasting team, said: “With the globe continuing to focus on the risks associated with COVID-19, natural peril activity remained elevated during the month of March as thunderstorms, flooding, and earthquakes were all prevalent.”