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Health

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 QubeHealth partners with OboPay to launch 0% pre-approved medical credit for corporate employees

The product has been rolled out to a select group of 150 large companies employing over 1,50,000 people in India, as part of their Employee Health Benefits program and activated across 735 towns/cities.

Chris George, CEO & Co-Founder of QubeHealth, says, “Employee-Healthcare is now center-stage conversation for companies across India and HR teams have wanted to provide a comprehensive solution to their team’s families as they navigate their way through the pandemic. By facilitating emergency healthcare funds on tap, at no cost of capital, Employees will now have the flexibility to make better healthcare choices and augment any company-paid health insurance.”

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India’s first smog tower inaugurated in Delhi

”This is the first such smog tower in the country. It’s a new technology. We have imported it from the US. The structure will suck polluted air from above and release clean air from below. It will purify 1,000 cubic metres of air per second,” Chief Minister Arvind Kejriwal told reporters.
Experts, however, feel smog towers may provide immediate relief from air pollution in a small area but they are a costly quick-fix measure with no scientific evidence to back their efficacy in the long term.

Governments should instead address root causes and promote renewable energy to tackle air pollution and reduce emissions, they said.

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Pandemic threatens Asia-Pacific’s progress on global development goals, says ADB

Developing Asia’s extreme poverty rate – or the proportion of its people living on less than $1.90 a day – would have fallen to 2.6% in 2020 from 5.2% in 2017 without COVID-19, but the crisis likely pushed last year’s projected rate higher by about 2 percentage points, ADB simulations showed.
The figure could even be higher considering the inequalities in areas like health, education and work disruptions that have deepened as the COVID-19 crisis disrupted mobility and stalled economic activity, the ADB said in a flagship report on the region.

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Xiaomi to offer full spectrum of financial services, adds insurance vertical to its India platform

Xiaomi is adding insurance vertical to its platform as well as expanding the lending category with the addition of offerings like gold loans and credit line cards.
Xiaomi India Financial Services Head Ashish Khandelwal said Xiaomi has partnered with ICICI Lombard to curate a health insurance product.

Xiaomi also has a cyber insurance offering, and more than 25,000 customers have been covered so far.

”Going ahead, insur-tech is another proposition that we are working on in a curated manner in partnerships,” he added.

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Three insurance-related firms to raise Rs 10,000 cr through IPOs

Policybazaar’s Rs 6,017.5-crore public issue comprises a fresh issue of Rs 3,750 crore and an offer-for-sale of Rs 2,267.5 crore by existing selling shareholders
Star Health, the largest standalone private health insurer, is planning to raise Rs 3,000 crore; while Medi Assist, which is the largest third-party administrator, is lining up a Rs 840-1,000 crore issue, according to their draft red herring prospectus (DRHP) filed with the market watchdog.

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