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Breakthrough Covid infection more likely in cancer, Alzheimer’s patients
"This study showed significantly increased risks for Covid-19...
Covid-19 pandemic is ‘far from over’, reiterates WHO chief Tedros
"… the pandemic is far from over. And even as we continue to fight...
Caronavirus Crisis:IRDAI allows life and health insurance customers extra time to pay their premium
In case of health insurance policies, the insurers may condone delay in renewal up to 30 days without deeming such condonation as a break in policy. However, insurers are requested to contact the policyholders well in advance so as not to have a discontinuance in coverage.
Social distancing is a luxury Indians earning just Rs 150 a day cannot afford
The quandary facing India’s informal workforce of 450 million people is one of the starkest examples of how social inequality threatens to undermine virus containment efforts around the world. From undocumented minimum-wage workers in the world’s richest postcodes to job-seekers flooding into swelling metropolises, the urban poor often have limited access to health care, no medical insurance and no financial safety net.
Supply chain problems move from China to U.S. and other nations
Companies involved in the transport of goods say the impact is being felt hardest in air freight as more airlines shut down services, adding to difficulties with the transport of key goods such as medicines and perishable foods.
Wedding insurance excludes Pandemics, and US couples find they have no cover
The cancellations are also highlighting fights with a little-known corner of the industry: wedding insurance. Couples have begun battling with companies they paid in case of disaster, only to hear back that no policy can cover a global pandemic.
Coronavirus outbreak exposes flaws in design of Pandemic Bonds
But since the bonds were launched in 2014, backed by about $190 million in promised financing from donor countries, investors have reaped more profits than countries battling epidemics. And even in the current pandemic, any payout to stricken countries would barely make a dent into what the outbreak has cost them.
75 districts under lockdown to halt Covid-19 spread as cases rise
In view of the need to contain the spread of COVID 19, it was agreed that there is urgent need to extend the restrictions on the movement of non-essential passenger transport including inter-state transport buses till March 31, 2020, a home ministry official said.State governments will issue orders allowing only essential services to operate in about 75 districts with confirmed COVID 19 cases or casualties, the official
European firms to see value erosion by 1 trn euro as Covid-19 hurts: Report
Noting that aviation will be hit the hardest, the report said the global airline industry has already called for up to 200 billion euros in emergency support and Boeing alone has called for 60 billion euros in assistance for aerospace manufacturers.
LIC announces relaxation for premium payments
“In view of extraordinary circumstances prevailing in the country on account of COVID-19, LIC of India has announced relaxation to its policyholders in payment of premium due on in-force policies up to 15th April, 2020. Policyholders are requested to stay indoors and avoid visiting any office to pay premium. The policyholders of LIC can however use online services of LIC and click at at https://licindia.in/Home/Pay-Premium-Online to pay premium online,”the life insurer said in a statement on Sunday.
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Caronavirus Pandemic:Major automakers suspend productions
“The company will shut production and office operations at its facilities in Gurugram and Manesar, Haryana with immediate effect till further notice. The R&D Centre at Rohtak will also remain closed. The duration of this shutdown will depend upon government policy”, Maruti Suzuki said in a statement.
RBI quickly sets up Business Contingency Plan amid coronavirus outbreak
The BCP playbook documents the measures for anticipated disruptions, smooth flow of operations and staffing, identification of the key resources, formation of crisis management groups, while keeping all the staff insulated from exposure to the coronavirus.