Crop insurance has seen a dip in the premium by 4 per cent to Rs...
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Surbhi Goel to be appointed CEO Munich Re, India
Surbhi Goel, CEO designate, India Branch, Munich Re Munich Re, is...
HDFC Life Q4 profit rises 15 pc to Rs 412 crore
Despite the budget changes impacting high ticket sized business...
Record 75,760 COVID-19 cases in single day, India’s virus tally crosses 33-lakh mark
With a total of 25,23,771 patients having recuperated so far, the recovery rate was recorded at 76.24 per cent while the COVID-19 case fatality rate has declined to 1.83 per cent
There are 7,25,991 active cases of coronavirus infection in the country which comprises 21.93? per cent of the total caseload, the data stated
IRDAI asks applications for the 2nd cohort of the Regulatory Sandbox
The window for filing of applications shall open on 15thSeptember, 2020 and close on 14th October, 2020.
The IRDAI has created a Regulatory Sandbox whose objective is to use innovative ideas to foster growth and increase the pace of most innovative companies, in a way that provides flexibility in dealing with regulatory requirements and at the same time focussing on policyholder protection.
FM Sitharaman said the economy is facing an extraordinary ‘Act of God’ situation
As per the Centre’s calculation, the compensation requirement by the states in the current fiscal would be Rs 3 lakh crore, of which Rs 65,000 crore is expected to be met from the cess levied in the GST regime. Hence, the total shortfall is estimated at Rs 2.35 lakh crore.
More than 15 lakh lives covered under exclusive Corona policies:IRDAI chief
“We will be happy if more emphasis will be given by insurers on how to deal with the current pandemic and post pandemic.We will be delighted if more proposals come to deal with present situation,” Subhash C Khuntia, Chairman, IRDA
MR Kumar, chairman, Life Insurance Corporation, emphasized to focus on IDEAS- Investment opportunity, Distribution of insurance products, Economics and efficiencies, Administration of business & focus on technology and Solvency and soundness of the industry.
No more extension for the renewals of motor policies:GI Council
All vehicle owners are advised to get their insurance policies renewed on or before the due date of renewal for continued validity of the insurance policies, said the GI Council on Thursday. .
MoRTH had issued a letter on 24th August 2020 advising State Governments that in case the validity of fitness certificates, permits, driving licences, and registration certificates pertaining to vehicles have expired on or after 1st February 2020 and not extended due to the lockdown, such certificates may be treated as valid until 31st Dec 2020.
Max Life Insurance partners with Royal Challengers Bangalore for IPL 2020
As part of the partnership, Max Life will be the official life insurance partner of the Royal ChallengersBangalore (RCB) team for the second consecutive year. In addition to being the team’s official life insurance partner, Max Life is also among the apparel partners for RCB for the 13th edition of Indian Premier League T20.
Bajaj Allianz Life launches Smart Assist
Tarun Chugh, Managing Director and CEO of Bajaj Allianz Life said, “The business environment has changed significantly since the pandemic, and it is essential to respond to changing customers behaviors. We are focused on building agile business processes to meet the new needs, and Smart Assist is yet another step in that direction. The innovative tech-enabled service is designed to deliver superior service experience. We are confident it will play an essential role in keeping life goals of our customers on track, irrespective of the limitations due to the pandemic.”
Assam Cabinet approves Rs 50-lakh insurance cover for journalists, home guards succumbing to COVID-19
The cabinet also decided to increase the upper age limit for state government jobs for Group-III and Group-IV by two years to 40 years.
Indian Vaccine trial: Vital signs of volunteers normal, says doctor
Two men, aged 32 and 48, were given the first shot of the ‘Covishield’ vaccine, being manufactured by Pune-based Serum Institute of India (SII), at Bharti Vidyapeeth’s Medical College and Hospital on Wednesday. The dose will be repeated after one month, an official said.
“Since yesterday, our medical team is in touch with the two volunteers and both are fine. They do not have any pain, fever, injection-side reaction or systemic illness post-vaccination,” the medical college and hospital’s deputy medical director Dr Jitendra Oswal said.
Bajaj Allianz General Insurance launches retail comprehensive cover for pet dogs
The premium for this policy starts from Rs 315 (excluding GST) and varies based on the age, size, gender, covers opted for, plan opted for and sum insured selected. A discount of 5% on premium is provided in case of RFID tagging. Pet dogs are classified into either of Small, Medium, Large or Giant sizes based on the breed of the dog. The product has two plans, which differ based on specific inclusions and exclusions in each.Medical tests for pet dog is not mandatory even at higher ages subject to waiting period for covering certain diseases.