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Odisha signs MoUs to develop landslide early warning & multi-hazard impact-based warming dissemination systems
These collaborations will strengthen the government’s preparedness...
Future Generali India Insurance launches women-health insurance plan
Anup Rau, managing director and CEO, Future Generali India...
No coercive action against pvt firms for non-payment of full wages during lockdown: SC
The Ministry of Home Affairs (MHA), in its March 29 circular, had asked all employers to make payment of wages to their workers without any deduction for the period their establishments were under closure during the lockdown to contain COVID-19.
India records over 10,000 COVID-19 cases in single day, tally nears 3 lakh: Health Ministry
Of the 396 new deaths reported till Friday morning, 152 were in Maharashtra, 101 in Delhi, 38 in Gujarat, 24 in Uttar Pradesh, 23 in Tamil Nadu, 12 in Haryana, 10 in West Bengal, nine in Telangana, six in Rajasthan, four each in Madhya Pradesh and Punjab, three each in Bihar and Karnataka, two each in Andhra Pradesh, Assam and Puducherry and one in Jammu and Kashmir.
People’s movement from 9 pm-5 am prohibited; buses, trucks can ply on highways: MHA
“I would like to clarify that the purpose of restricting movement of individuals, except for essential activities, between 9 pm and 5 am, is primarily intended to prevent congregation of persons and to ensure social distancing,” Union Home Secretary Ajay Bhalla said.
IRDA asks insurers to allow telemedicine facilities for their policyholders
Provision of allowing telemedicine will be part of claim settlement of policy of the insurers and need not be filed separately with the IRDAI for any modification. However, the norms of sub limits, monthly/ annual limits etc. of the product shall apply without any relaxation, said IRDAI .
COVID-19: India is not in community transmission stage, says ICMR
A large proportion of the population is still susceptible and risk is higher in urban areas (1.09 times) and urban slums (1.89 times) than rural areas, Indian Council of Medical Research (ICMR) Director General Balram Bhargava
IRDAI standardises terms and clauses of health Insurance policy
In case of multiple policies taken by an insured person during a period from one or more insurers to indemnify treatment costs, the insured person will have the right to require a settlement of his/herclaim in terms of any of his/her policies. In all such cases the insurer chosen by the insured person are obliged to settle the claim as long as the claim is within the limits of and according to the terms of the chosen policy.
Insurers can’t deduct cost of implants,medical devices, and diagnostics in health policies:IRDAI
“IRDAI has mentioned that insurers need to define the associate medical expenses which will be deducted proportionately if a person opts for a higher room category than the category that is eligible as per terms and conditions of the policy. Additionally, it has mentioned that expenses like cost of pharmacy, cost of implants, cost of diagnostics, etc. will not fall under the definition of ‘associate medical expenses’ and hence, proportionate deduction for such expenses will not be applicable along with the ICU charges as well. Insurers will negotiate with their hospital networks to see that the increase in rates of the associate medical expenses with change in room category are in control so as to benefit the customer,” Bhaskar Nerurkar, head,health claims, Bajaj Allianz General Insurance said.
India records 9,985 new COVID-19 cases, 279 fatalities; death toll rises to 7,745
Out of the total 7,745 fatalities, Maharashtra tops the tally with 3,289 deaths, followed by Gujarat with 1,313, Delhi with 905, Madhya Pradesh with 420, West Bengal with 415, Tamil Nadu with 307, Uttar Pradesh with 301, Rajasthan with 255 and Telangana with 148 deaths
S&P Retains India’s Sovereign Rating at ‘BBB-‘ With a Stable Outlook
“The stable outlook reflects our expectation that India’s economy will recover following the containment of COVID-19 pandemic and the country will maintain its sound net external position,” S&P said while affirming India’s rating at ‘BBB-‘ and maintaining a stable outlook.
India’s economy to shrink further in fiscal year 2020-21:World Bank
International rating agencies like Moody’s Investors Service, Fitch Rating and S&P Global Ratings have all predicted a 4-5 per cent contraction in India’s economic growth rate during April 2020 to March 2021 fiscal. Crisil has said this would be the country’s fourth recession since Independence, first since liberalisation, and perhaps the worst to date.