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Insurers got 22k claims for COVID-19 deaths in FY21; no significant impact on sector financials:RBI

The claims paid ratio (provisional) stood at 98.1 per cent for individual claims and 98.6 per cent in the group category, in comparison with 96.8 per cent and 97.3 per cent, respectively, for the previous financial year, it said.

”…the pandemic did not have a significant impact on death claim settlement rates,” it said.

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European countries not supporting TRIPS waiver move to deal with COVID: Goyal

”We have tried in the WTO to promote waiver on TRIPS so that vaccines and essential medicines can be available to all in the world. “Sadly, the European countries, particularly, and many other developed countries are not supporting that move….Believe me, until all of us are vaccinated, until everybody in the world gets the benefit of modern technology, even the developed world will not be safe,” Union Minister Piyush Goyal said at a webinar of India Global Forum

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EU plans new safety rules for the workplace wherever it is

In guidelines to protect almost 170 million EU workers over the 2021-2027 period, it will also seek to produce recommendations on mental health at work before the end of 2022.

Work-related accidents and illnesses cost the EU economy over 3.3% of gross domestic product per year, the Commission said. It said estimates showed that for every euro invested in occupational health and safety, the return for the employer is around twice as much as employees take less sick leave.

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SC directs NDMA to issue norms for financial help to kin of Covid victims

A special bench of Justices Ashok Bhushan and M R Shah said that the court cannot direct the Centre to fix a particular amount of financial help but the government can fix the minimum standard of amount to be paid as ex-gratia to family members of those who lost their lives due to COVID-19 while keeping various aspects in mind.

The top court asked the Centre to consider formulating an insurance scheme for cremation workers as proposed by the Finance Commission.
It also directs the authorities to issue appropriate guidelines for simplification of process of issuance of death certificates for Covid fatalities.

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