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Micro insurance premium in life segment rises 24% to Rs 10,000 crore in FY24
The number of persons covered under the scheme stood at 178.39...
Karnataka HC directs registrar to issue revised birth death certificates for transgenders
Justice Suraj Govindaraj issued these orders while resolving a...
India ‘prepares for the worst’ ahead of possible COVID-19 third wave
Almost all states are readying special paediatric wards as some experts warn unvaccinated children could be vulnerable to any new virus mutations. States including Madhya Pradesh are also stocking up on anti-viral drugs such as Remdesivir.
But with a government survey estimating as many as two-thirds of Indians already have COVID-fighting antibodies through natural infection, and 57% of its adults with at least an initial vaccine dose, many health experts believe any new outbreak of infections could be much less devastating than the second wave.
Reopen schools or disaster looms, experts tell Indian authorities
“Schools are an essential service. It has been wisely said that they should be the last to close and the first to reopen,” said a report released on Monday on school education by a group of scholars, including economist and social scientist Jean Dreze, that warned of a “looming disaster”.
Northwest, central and south-central India new hotspots of intense heatwave
Heatwaves have emerged as a deadly health hazard, claiming thousands of lives across the globe in recent decades, with episodes strengthening in frequency, intensity and duration in the past half-century in India as well.
This has caused severe impact on health, agriculture, economy and infrastructure. In such a scenario, it is extremely important to identify the most heatwave vulnerable regions of the country to prioritise immediate policy intervention and stringent mitigation and adaptation strategies, the Department of Science and Technology said.
HDFC Life seeks shareholders approval to share issue to Exide Industries
Last Friday, HDFC Life announced the deal to acquire 100 per cent stake, representing 185 crore shares in Exide Life by way of cash and preference issue of shares to Exide Industries.
Karnataka govt issues advisory to prevent Nipah virus outbreak
As per the information shared by the state Department of Family and Health Welfare, the advisory instructs the district administrations to monitor the arrivals from Kerala for symptoms like fever, altered mental status, severe weakness, headache, respiratory distress, cough, vomiting, muscle pain, convulsion and diarrhoea.
LIC deploys IDBI Intech’s Anti Money Laundering solution
IDBI Intech has made steady investments in the latest industry solutions for the BFSI sector, with cutting-edge technology, customer satisfaction and market demands as top priorities. The next generation technologies currently being leveraged include Blockchain, Cybersecurity, Artificial Intelligence and Machine Learning.
India continues to “lag way behind” in COVID vaccination: Fitch
”The (APAC) region which was so successful in containing the virus early on, got behind the curve when it came to rollout of vaccines. Singapore really stands out now with 80 per cent of its population being vaccinated. But many countries in the region like Vietnam, Thailand and India continue to lag way behind and as a result continue to have periodic restrictions,” Schwartz said.
Aditya Birla Health Insurance looks to break even in next fiscal year on strong growth trajectory
“Good thing is that from the regulatory perspective, there have been a lot of enablers. However, there are challenges in terms of the initial impact of COVID-19 cases as the claims have been high,” ABHICL Chief Executive Officer Mayank Bathwal.
The company”s unique and differentiated health-first business model, such as 100 per cent return of premium, is contributing to more than 50 per cent of retail health new business, he said.
First Policy Insurance Brokers acquires Amicus Insurance Brokers
An in-principle approval for this transaction was granted by the insurance regulator, Insurance Regulatory and Development Association of India (IRDAI) on 5th August 2021. The merger process needs to go through a few more closure formalities, as specified in the Companies Act.
Organisations in India project 9.4 pc salary increase in 2022: Aon survey
”This is a strong indication of financial health and buoyancy in the economy. There is a clear uptick, from 6.1 salary increase in 2020, we have gone up to 8.8 per cent actual in 2021 and the projected salary increase for 2022 is 9.4 per cent, which is at par with the pandemic number that we had seen in 2018 and 2019,” said Roopank Chaudhary, a partner in Aon’s human capital business.
The survey further noted that the pandemic has accelerated the digital journey for organisations and this has led to an unprecedented war for digital talent in the short term and is driving up salary increase budgets and attrition numbers across sectors.