Mansukh Mandaviya, Minister of Labour & Employment In CPPS,...
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Irdai chief pitches for 100 pc FDI in insurance sector
"And if the FDI route is also opened that will only augment the...
LIC’s net profit rises 4% to Rs18,082 crore in H1FY25, Health JV plans may be completed this fiscal
Siddhartha Mohanty, CEO & MD, LIC LIC's plan to pick up some...
Andhra CM launches ‘YSR Bima’ scheme, allocates Rs 750 crore for 2021-22
“Similarly, as promised during elections, the government had brought YSR Bima, an insurance scheme to support those families who lost their breadwinner. About 1.30 lakh families have been brought under insurance coverage. Under the scheme, an insurance amount of Rs 1 lakh will be paid if the beneficiary aged between 18 to 50 years, who is a breadwinner of the family, succumbs to natural death. A sum of Rs 5 lakh will be paid if the beneficiary in the age group of 18 to 70 years dies in an accident”, said the Chief Minister.
India’s medical infra well prepared to deal with third COVID wave: FM
A Rs 50,000 crore credit guarantee scheme for setting up of medical or health infrastructure by private hospitals in cities other than 8 metropolitan cities was also announced as part of measures for reviving the economy battered by a severe second wave of COVID-19.
The minister further said 45-50 lakh people per day are getting vaccinated and a total of 33 crore people have received vaccination.
Insurers got 22k claims for COVID-19 deaths in FY21; no significant impact on sector financials:RBI
The claims paid ratio (provisional) stood at 98.1 per cent for individual claims and 98.6 per cent in the group category, in comparison with 96.8 per cent and 97.3 per cent, respectively, for the previous financial year, it said.
”…the pandemic did not have a significant impact on death claim settlement rates,” it said.
India’s Zydus Cadila seeks approval for its 3-dose COVID vaccine
Zydus said the efficacy result is based on an interim analysis of a late-stage trial of more than 28,000 volunteers nationwide, including nearly 1,000 subjects in the age group of 12 to 18.
Immunogenicity data for the adolescent children subset will be submitted in the next four to six weeks, Patel said.
Not much data on Delta plus variant to suggest it’s more infectious, causes more deaths: Delhi AIIMS director
“There isn’t much data on Delta plus variant to suggest it’s more infectious, causing more deaths, or has developed significant immune escape mechanism. But if we follow COVID appropriate behaviour and get vaccinated, we’ll be safe against any of emerging variants,” Dr Guleria told ANI.
‘Submit results on Covavax adult trials first’: Govt panel to SII on Covid-19 vaccine trials for children
“The Subject Expert Committee (SEC) recommended that the Pune-based company should submit the safety and immunogenicity data of Covavax from the ongoing trials in adults for considering the trials in children,” sources told ANI.
LIC’s mega IPO gains momentum, Govt notifies amendments in LIC Act
According to one of the 27 proposed amendments, the central government will hold at least 75 per cent in LIC for the first five years post the IPO, and subsequently hold at least 51 per cent at all times after five years of the listing.
But from today, the policy holders will get 90 per cent of surplus generated by the corporation while the rest as dividends will go to the government and other shareholders who will be investing in the LIC through its Initial Public Offering(IPO).
India asks EU member states to consider Covishield, Covaxin vaccines under Green Pass scheme
India has requested the EU member nations to accept the vaccination certificate issued through the CoWIN portal.
The European Union”s Digital COVID certificate or “Green Pass” will be rolled out on Thursday with an aim to facilitate free movement during the COVID-19 pandemic is to come into effect on Thursday.
IFFCO Tokio Gen Insurance to launch AI powered cattle digital identity for cattle insurance
One of the biggest issues faced by cattle insurance companies is the accurate identification of cattle and the processing time involved. The artificial intelligence-driven mobile application of Dvara E-Dairy captures muzzle images with the mobile phone, compares the cattle’s unique digital identity stored in a secured cloud server and retrieves the results at the click of a button in less than 60 seconds
GIC Re shares climb nearly 4 pc after earnings announcement
With a higher investment income, state owned reinsurer GIC Re amidst Covid-19 pandemic, has seen its net profit rising by 5.25 per cent year on year(Y-O-Y) to Rs 1260.44 crore in last quarter(Jan-Mar) of FY 2021.