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Health

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IRDA asks general and health insurers to launch exclusive Covid-19 cover by June 15

 Room Rent, Boarding, Nursing Expenses all inclusive as provided by the Hospital / Nursing Home up to 2% of the sum insured subject to maximum of Rs.5000/- per day.
•.Intensive Care Unit (ICU) charges/ Intensive Cardiac Care Unit (ICCU) charges all inclusive as provided by the Hospital / Nursing Home up to 5% of the sum insured subject to maximum of Rs.10,000/-, per day
• Ambulance: Rs 2000/- per Hospitalization.

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COVID-19 Pandemic: Emerging risks and trends

•Intergenerational tensions, supply chain disruptions and the fragility of public healthcare are among the risks and trends amplified by the COVID-19 pandemic, 2020,
•The coronavirus outbreak showed that societies weren’t sufficiently prepared, and that broad risk awareness is crucial for proper risk management;,
•The current crisis shouldn’t overshadow the need for the world to transition to a more sustainable economy and a low-carbon future, and the insurance industry can play a pivotal role in this

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SC seeks finance ministry’s reply on waiver of interest on loans during moratorium period

The bench was hearing a plea, filed by Gajendra Sharma, in which he has sought a direction to declare the portion of RBI’s March 27 notification “as ultra vires to the extent it charges interest on the loan amount during the moratorium period, which create hardship to the petitioner being borrower and creates hindrance and obstruction in ‘right to life’ guaranteed by Article 21 of the Constitution of India”.

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India’s COVID-19 tally reaches 2,16,919 with record spike of 9,304 cases; death toll 6,075

Of the 260 deaths reported since Wednesday morning, 122 were in Maharashtra, 50 in Delhi, 30 in Gujarat, 11 in Tamil Nadu, 10 in West Bengal, seven each in Madhya Pradesh, Uttar Pradesh and Telangana, six in Rajasthan, four in Andhra Pradesh and one each in Bihar, Chhattisgarh, Jammu and Kashmir, Karnataka, Punjab and Uttarakhand.

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British watchdog enlists 8 insurers in pandemic test case of Business Interruption cover

“We expect the test case to provide guidance for the interpretation of many other business insurance policies that are not in the representative sample,” the FCA said.

The eight insurers asked to take part in the court case were Lloyd’s of London insurers Hiscox, Arch, Argenta and MS Amlin, as well as RSA, QBE, Zurich and Ecclesiastical, the FCA said in a statement.

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Covid-19 has not changed in terms of transmissibility, severity: WHO expert

WHO Director-General Tedros Adhanom Ghebreyesus warned that the world is “losing its ability” to use critically important antimicrobial medicines.
Speaking at a virtual press conference on Monday, the WHO chief said that the Covid-19 pandemic has led to an increased use of antibiotics, which ultimately will lead to higher bacterial resistance rates, news agency IANS reported.

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