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Health Insurance: IRDAI bans hike in premium for an individual policy holder due to higher claims
In another major decision, the IRDAI's new regulations have...
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78,357 new cases take India’s COVID-19 tally past 37 lakh, death toll rises to 66,333
The death toll climbed to 66,333 with 1,045 more fatalities reported in 24 hours. India has so far reported 37,69,523 cases of the viral disease, according to the data updated at 8 am.
The total number of COVID-19 recoveries in the country has surged to 29,01,908, while the fatality rate has further declined to 1.76 per cent. There are 8,01,282, active cases in the country which comprises 21.26 per cent of the total caseload, the data stated.
Govt bans 118 more mobile apps, including PUBG
It said the IT Ministry had received complaints from various sources, including several reports about misuse of some mobile apps available on Android and iOS platforms for stealing and surreptitiously transmitting users’ data to servers outside India.
54% COVID-19 cases in age group 18-44 yrs, 51 pc deaths among those aged 60 yrs and above
The health ministry stressed that more than 70 per cent of the deaths occurred due to comorbidities.
Amazon bets on Insurance and Gold to make India centre of fintech push
It began offering auto insurance in July and gold investment products in August – both a first for Amazon
India’s recovery to take time after economy shrinks 24% in June quarter
Some private economists, however, said the fiscal year that began in April could see a contraction of nearly 10%, the worst performance since India won independence from British colonial rule in 1947, and likely to push millions more into poverty.
IRDA forms panel to examine relaunching of Index-linked products by life insurers
Currently, IRDAI, product regulations do not specifically permit insurers to sell index linked products and life insurers have been requesting the IRDAI to allow them to offer index linked products.
The working group will examine the need for index-linked products in India , availability of various indexes and how it will better serve the needs and interests of customers relative to traditional savings product.
Religare Health rebrands itself as Care Health Insurance,plans IPO
The rebranding is aimed at further building on opportunities to deliver the best possible ‘Care’ to its consumers.Officials of the company also said that they would be looking to go public going forward. However, no timeline was announced regarding the initial public offer (IPO). The institutional shareholders of the health insurer include Union Bank of India anf Kedaara Capital
COVID-19 tally in India climbs to 36,91, 166
The COVID-19 case fatality rate has further declined to 1.77 per cent.
There are 7,85,996 active cases of coronavirus infection in the country which comprises 21.29 per cent of the total caseload, the data stated.
78,512 new COVID cases in India,971 deaths
There are 7,81,975 active cases of the coronavirus disease (COVID-19) in the country, while 27,74,801 people have recovered. The total coronavirus cases rose to 36,21,245, it said.
The recovery rate has increased to 76.62 per cent, while the fatality rate has declined to 1.78 per cent.
India’s economy shrinks record 23.9% in June quarter, first-ever in 40 yrs
However, with an annual growth of 3.4% in the April-June quarter, the farm sector, which accounts for 15% of economic output, gave some hope the rural economy will be able to support millions of migrant workers who have returned to their villages