B C Patnaik, Member (Life) The rising customer expectations...
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Modi seeks to revive hinterland finance hub with new sweeteners
New rules that will likely take effect in April next year will...
Irdai chief stresses spreading of natural calamity covers in high-risk regions
Debasish Panda, Chairman,Irdai, is addressing an international...
California issues ‘stay home’ order; U.S. death toll hits 200
The number of Americans filing for unemployment benefits surged by the most since 2012 to a 2-1/2-year high last week, as companies in the services sector laid off workers with businesses shutting down due to the pandemic.
Millions could die if virus allowed to spread unchecked: UN chief Antonio Guterres
“The health catastrophe makes clear that we are only as strong as the weakest health system,” said UN Secretary-General Antonio Guterres
US life insurers go slow on new policies to limit Coronavirus risk
Credit ratings firms AM Best and Fitch Ratings this week revised their outlooks for U.S. life insurers from stable to negative as the global economic meltdown rattle U.S. life insurers
An historic stock market slump and interest rate cuts will pressure life insurers’ earnings, reserves and capital, Fitch said on Tuesday.
Star Health launches coronavirus cover without travel history exclusions
The Star Novel Coronavirus policy is available under two sum insured options of Rs. 21,000 and Rs. 42,000 at premiums of Rs. 459 plus GST and Rs. 918 plus GST respectively. Anyone up to the age of 65 years can purchase the policy online at www.starhealth.in or through the company’s vast network of insurance agents, and without having to undergo any pre-medical screening.
Novel coronavirus cases climb to 223 in India
“The total number of active COVID-19 cases across India stands at 196 so far,” the ministry said, adding that 23 others have been cured/discharged/migrated while four have died.
Curbing Coronavirus: Maha goes for partial lock down, closes private offices,shops in Mumbai till Mar 31
Groceries, milk centres, pharmacies and banks are exempt from the restrictions which come into effect from today midnight.
Coronavirus Check : Over 50% of India Inc sees impact on ops, 80% witness fall in cash flow
“Besides the direct impact on demand and supply of goods and services, businesses are also facing reduced cash flows due to slowing economic activity, which in turn is having an impact on all payments including to those for employees, interest, loan repayments and taxes,” it said.
Sri Lanka imposes curfew as South Asia steps up coronavirus battle
South Asia appears to have been less hard hit than elsewhere in the world but the rate of new infections in Pakistan, India and Sri Lanka is accelerating with the total across South Asia passing 800. Seven people have died.
Officials worry that these countries could prove especially in danger due to poor health facilities and infrastructure in much of the region. The virus has already infected more than 245,000 people worldwide and killed more than 10,000.
China’s imported coronavirus cases jump as students, expats flock home
The total number of confirmed cases in mainland China stood at 81,008 at the end of Friday, the health authority said. The death toll was 3,255, up by seven, a much slower rate than at the height of the crisis.
The lack of locally transmitted cases for the third day running underscored a recovery that has prompted officials to relax restrictions, even in the virus epicentre of Wuhan, which was responsible for all seven new deaths.
India plans e-commerce regulator, tighter controls under new policy
Even before the fillip to e-commerce provided by the coronavirus pandemic, India was seen as one of the world’s fastest growing e-commerce markets. E-commerce revenue this year is expected to reach $120 billion, triple its size in 2017, according to India Brand Equity Foundation.