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LIC unclaimed maturity amounts reach Rs881 cr in FY24
As many as 3,72,282 policyholders did not claim maturity benefits...
PMJJBY life insurance: 21cr enrolment, 860,575 claims worth Rs 17,211.50 settled
The Pradhan Mantri Suraksha Bima Yojana(PMSBY) has seen a...
India’s chronic disease burden helped fuel Covid-19’s brutal waves
For years India has faced an escalating non-communicable disease crisis as its middle-class expands and leads a more sedentary and affluent lifestyle. That makes them susceptible to ailments such as diabetes and heart disease that account for almost two-thirds of all deaths in the country. Those existing conditions may have allowed the coronavirus to do more damage, boosting cases and fatalities and potentially fueling the near collapse of India’s health system.
COVID-19 numbers in SE Asia plateaued over past month mainly due to cases in India remaining stable: WHO
The highest number of new cases were reported from India (278,631 new cases; 20.2 new cases per 100,000; 2 per cent decrease), Indonesia (225,635 new cases; 82.5 new cases per 100,000; 18 per cent decrease), and Thailand (141,191 new cases; 202.3 new cases per 100 000; 20 per cent increase).
In the region, the highest numbers of new deaths were reported from Indonesia (11,373 new deaths; 4.2 new deaths per 100,000; 9 percent decrease), India (3511 new deaths; 0.3 new deaths per 100,000; 8 percent decrease), and Myanmar (2045 new deaths; 3.8 new deaths per 100,000; 22 percent decrease).
Munich Re remains bullish on India despite hit hard with Covid-19 mortality claims
“In life and health reinsurance business, the claims clearly exceeded the our expectation of €140 million of virus-related losses in the second quarter, mainly due to the high mortality rate in India and South Africa,” he said
Govt to list LIC by current fiscal year end, DIPAM Secy
Economic impact of 2nd COVID-19 wave likely to be muted; visible signs of eco rejuvenation: FinMin
The latest Monthly Economic Review, released by the finance ministry, said the ”robust recovery in tax collections cushions the fisc towards meeting the budgeted support to the economy”.
It also said the recent sero-prevalence results signify that India can reduce the likelihood of severe illness due to COVID-19 if the country sustains the momentum of the vaccination programme.
”Having antibodies reduces the probability of acquiring serious illnesses, as is borne by studies. So, any subsequent waves are expected to be mild in terms of severity of disease,” the ministry said in the report.
20.32 lakh tests, 7.08 lakh hospital admissions related to Covid authorised under AB-PMJAY: Govt
The National Health Authority (NHA) has been providing the necessary support to the states and Union territories for ensuring free COVID-19 testing and treatment to all eligible beneficiaries under AB-PMJAY.
When the pandemic broke out, the existing packages were used for providing treatment, Minister of State for Health Bharati Pravin Pawar said.
Max Financial Services net profit falls 80 pc to Rs 36 crore in Jun qtr
The company’s subsidiary Max Life reported a 32 percent jump in new business premium during the quarter at Rs 875 crore, as against Rs 661 crore in the year-ago period.
The renewal premium income (including group) rose 21 percent to Rs 2,244 crore, taking the gross written premium to Rs 3,484 crore, a spurt of 27 percent over the first quarter of the previous fiscal, the company said.
IDBI Bank strategic sale: 7 firms in race for transaction advisor
LIC, currently having management control, has a 49.24 percent stake, while the government holds 45.48 percent in the bank. non-promoter shareholding stands at 5.29 percent.
The exact quantum of stake dilution would be decided later.
India reports 39,070 COVID-19 cases in last 24 hrs, active cases stand at 4,06,822
India’s COVID-19 vaccination coverage crossed the landmark of 50 crore yesterday. As per government data, cumulatively, 50,68,10,492 vaccine doses have been administered so far. As many as 55,91,657 vaccine doses were administered in the last 24 hours, stated the Health Ministry
HC seeks Delhi govt, IRDA stand on plea against insurance co not paying full claim on Covid death
The plea further sought to direct the IRDA to take strict action against the insurance firm for violating its guidelines, framed for insurers to include the expense incurred on hospitalization and treatment of COVID-19 patients, and to ensure its compliance so that no insurer may escape from their liability of making payment.