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Cyclone Yass: Mayurbhanj, Bhadrak, Balasore to be worst hit, says IMD

“We are expecting that the well-marked low-pressure area over the east-central Bay of Bengal will concentrate into a depression during next 12 hours and by tomorrow (May 24), it is going to be a cyclonic storm and will continue to move in the north north-westward direction and on May 26 it will reach Odisha, West Bengal, and Bangladesh coast,” Umashankar Das, Deputy Director of India Meteorological Department, told ANI.

“The North Odisha districts, particularly Mayurbhanj, Bhadrak, and Balasore are expected to most affected,” Das said.

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Exide Life doubles its PBT at Rs 61 cr in 2020-21, expects 30 % growth in FY2021

He said following the COVID-19 outbreak, there have been a rise for protection policies that the company is selling.

In terms of total sum assured as of March 31, 2021, the company said it has settled about Rs 40 crore towards COVID-19 claims.

”And overall, we have settled claims worth over Rs 322 crore,” it added.

”In the past, we were doing 8-10 per cent of our business in protection policies. But, following the COVID-19 issue last year, we are now doing close to 18 per cent of our business in protection… It’s almost doubling,” Jain said.

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