The U.N. health agency said there were 5.4 million new COVID-19...
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SC asks Centre to respond to pleas on unethical marketing practices by pharma companies
A bench of Justice DY Chandrachud and Justice AS Bopanna was...
PSU general insurers plan major organisational revamping
The new structure will follow-Operating Offices/Claims...
Coronavirus outbreak in China disrupting global tech sector: S&P
“Our base case is that the virus will be contained globally in March 2020 (no new transmissions in April), allowing travel and other restrictions to be unwound by the middle of the second quarter,” an Asia economist of S&P Global Ratings said. S&P said it has not taken any rating actions related to the outbreak.
Insurers rush to exclude Coronavirus epidemic from event-cancellation protection
“As things stand at the moment, you would struggle to get coronavirus cover for any event, until we know where we are with this virus,” said Rebecca Mitchell, contingency underwriter at ArgoGlobal.
Coronavirus leads companies with supply chain disruptions to invoke ‘Force Majeure’
-Force majeure refers to unexpected external circumstances that prevent a party to a contract from meeting their obligations.
-The underlying event must be unforeseeable and not the result of actions undertaken by the party invoking force majeure. Natural disasters, strikes, and terrorist attacks can all be force majeure events.
-Declaring force majeure may allow a party to a contract to avoid liability for nonperformance.
Etiqa Insurance Singapore protects customers with Financial Assistance Benefit amid COVID-19 Outbreak
Staying committed to their mission to make the world a better place, the Etiqa Insurance Singapore will provide hospitalisation benefits of S$100 daily (up to 10 days) for patients in stable condition and S$200 daily (up to 5 days) for those in the Intensive Care Unit (ICU), including a lump sum payment of S$50,000, in the event of death, as a result of the COVID-19 viral infection.
Ayushman Bharat beneficiaries to get assistance of up to ₹15 lakh under RAN
“If as per the medical advice, the suggested treatment is not covered under any of the approved listed packages of AB-PMJAY, financial assistance up to ₹15 lakh can be provided to AB-PMJAY beneficiaries out of umbrella scheme of RAN,” the office memorandum with the revised guidelines stated
Jharkhand Cabinet approves proposal to grant up to Rs 5 lakh for treatment of critical diseases
committee headed by a civil surgeon at the district level has given the power to approve the amount of any beneficiary after obtaining guidelines from the hospital concern. Upon approval, the amount would be given to the hospital through RTGS or bank draft,” he said.
An MLA or his or her representative will be one of the members of the committee, he said.
IRDA improves ambit of “pre-existing disease” norms
IRDAI wants expenses incurred towards treatment in any hospital or by any medical practitioner or any other provider are specifically excluded by the insurer and disclosed in its website / notified to the policyholders are not admissible.
Coronavirus emergency ‘holds a very grave threat’ for world: WHO
“With 99% of cases in China, this remains very much an emergency for that country, but one that holds a very grave threat for the rest of the world,” he told more than 400 researchers and national authorities, including some taking part by video conference from mainland China and Taiwan.
Robot with coronavirus advice hits Times Square
“We understand how this problem is important, how people are nervous, people are afraid of this. But if they understand a few, simple things, for example, what symptoms coronavirus has, what they should do to prevent (it), everything will be fine and everyone will be happy.”
Coronavirus: Scientists develop realtime interactive map to scan global spread
“It is a global issue, and that’s the perspective users can gain from the map. The numbers on display are important, too, because there are more recoveries than deaths,”