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Health

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LIC relaxes claim settlement requirements

To facilitate speedy settlement of death claims in the prevailing situation where death has occurred in a hospital, in lieu of Municipal Death Certificates, the corporation has allowed alternate proofs of death such as: Death certificate, Discharge summary/Death summary containing clear date and time of death issued by Govt/ESI/Armed Forces/Corporate Hospitals and counter-signed by LIC class I officers or Development Officers of 10 years standing alongwith Cremation/Burial certificate or authentic identifying receipt issued by the relevant authority.

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Surging India virus cases may derail recovery but ratings outlook stable-S&P

“Our downside scenarios suggest a less robust recovery in government revenues, and the severe downside scenario may entail additional fiscal spending,” they added.

The agency, however, said it still expects the economy to expand for the year as a whole, even though it said there are downside risks to its current baseline projection of 11% growth.

It expects growth to fall to 9.8% under its moderate scenario and to 8.2% under the severe scenario based on when the current infection wave peaks.

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RBI’s Rs 50K cr liquidity facility can augment hospital bed capacity by 20%: Crisil

”Increased availability of funds at low cost will incentivise hospitals to augment beds, oxygen storage, ICUs and critical medical equipment,” its chief ratings officer Subodh Rai said.

If half of the Rs 50,000 crore window is utilised by augmenting hospital beds, the number of beds will go up by 15-20 per cent of the current capacity, he added.

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India’s daily COVID-19 cases rise by record 414,188

India’s healthcare system is crumbling under the weight of COVID-19 patients, with hospitals running out of beds and medical oxygen. Morgues and crematoriums can not handle the number of dead and makeshift funeral pyres burn in parks and carparks. Although northern and western India bear the brunt of the disease, the share of the five southern states in the country’s daily surge in infections rose from 28% to 33% in the first seven days of May, data shows.

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IRDA asks insurers to launch Standard Domestic Travel Insurance Policy by July 1

A Standard Domestic Travel Insurance Policy will have Room Rent, Boarding, Nursing Expenses all inclusive as provided by the Hospital / Nursing Home up to 2 per cent  of the sum insured subject to maximum of Rs.10000/- per day, are allowed in the policy.

Intensive Care Unit (ICU) charges/ Intensive Cardiac Care Unit (ICCU) charges all inclusive as provided by the Hospital / Nursing Home up to 4 per cent of the sum insured subject to maximum of Rs.20,000/- per day, can availed by a customer..

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