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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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India lockdown may be ‘too slow’ to stop millions of infections

While growth in cases in India has so far been slow — reaching 396 with seven deaths — by April 15 the country will be overwhelmed by infections, said Dr. T. Jacob John, the former head of the Indian Council for Medical Research’s Centre for Advanced Research in Virology, warning India’s epidemic could grow to be worse than in Italy or Iran.

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Modi’s ‘stay at home’ call may deepen India’s economic slowdown

“The current social-distancing measures will severely impact airlines, hotels, malls, multiplexes, restaurants and retailers,” according to analysts at Crisil Ltd., the local unit of S&P Global. “Lower footfalls and occupancies, decline in business volume and sub-optimal operating efficiencies will impact cash flows of companies in these sectors,” wrote the analysts led by Chief Economist Dharmakirti Joshi.

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