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General insurers can pay commissions to intermediaries upto 20% of their gross premium: IRDAI
After setting stiff premium targets for the insurers, the IRDAI in...
Second-hand smoking tenth biggest risk factor for cancer: Lancet study
The study found that smoking, alcohol use, and high body mass index...
G Srinivasan panel to examine if life insurers can sell indemnity based health products
General Insurance Council had been vehemently opposing the proposal.Even Kumar, chairman, LIC was not supportive of the idea of life insurers selling indemnity products.
Coronavirus fears drive up credit risk for Gulf crude exporters
The United Arab Emirates on Tuesday suspended all flights to and from Iran due to the spread of the coronavirus in the Islamic republic, while Kuwait, Bahrain and Oman reported their first cases this week.
Dow plunges over 800 points as coronavirus cases spike outside China
On Monday, fears that the coronavirus outbreak in China will grow into a pandemic with disruptive and deadly consequences for countries across the globe spooked most equity markets. The virus, which has killed 2,442 people in China, has reportedly spread to 28...
Seoul worst hit as Asia markets plunge on virus worries
“While the coronavirus is probably slowing in China, it is speeding up elsewhere,” Charles Gillams, at RJMG Asset Management, said. “Its impact on Chinese business is already deep. So, whether that has a one economic quarter impact — of some severity — or is a bigger issue remains unclear and indeed we won’t know for while.”
Health Ministry mulling to increase legal age for tobacco consumption
“Increasing the legal age to 21 would bring down the number of youngsters taking to tobacco every year drastically. Even parents will not be able to send their children aged below 21 to shops for buying these products, the official said.
Washington pledges $1 billion for coronavirus vaccine as pandemic risks grow
The White House said more than $1 billion of the requested virus budget would go toward developing a vaccine, while other funds would be used for therapeutics and the stockpiling of personal protective equipment such as masks.
Malaysia and India will see higher Employer-sponsored health care benefit costs in 2020:WTW
The survey also found mental health conditions are expected to become of the most significant cost factors over the next five years. Two-thirds (66 per cent) of insurers expect that behavioural and mental health conditions will become one of the most costly medical conditions and form the bulk of medical expenses other than hospital and inpatient care in the next five years.
Robust surveillance stalled coronavirus: Health minister Harsh Vardhan
As part of the Centre’s efforts to management of Novel Coronavirus (COVID19), 21,805 passengers have been brought under community surveillance. In addition, 3,97,152 flight passengers and 9,695 travellers at sea ports have been screened.
Autos contribute 7% of carbon dioxide in India: M&M’s Pawan Goenka
India is at present five years behind China when it comes to EVs, but can lead the world on a research and development as well as production front, he noted.
How pharma firms are using Blockchain to track down counterfeit drugs
-“The current point-to-point systems infrastructure lacks the ability to keep data in sync across the healthcare supply chain, which ultimately increases the risk of counterfeit, diverted or otherwise illegitimate products,” David Vershure, head of channel and contract management for Roche’s Genentech unit, said in a statement.
-Among the 24 participating companies are Amgen Inc., FedEx Corp., GlaxoSmithKline Plc, Novartis, AmerisourceBergen Corp., Sanofi, Walgreens Boots Alliance Inc. and Walmart Inc.
-The World Health Organization estimates that counterfeit medicines worth 73 billion euros ($79.26 billion) are traded annually.