Paramount TPA is owned by Nayan Shah family and Fairfax Asia, which...
Category:
Life
Latest
Reliance Cap lenders raise concerns over Rs 7,300 cr debt term sheet offered by IIHL
The committee of creditors (CoC) has expressed concerns that...
Insurance for All by 2047: Working groups among stakeholders formed to strengthen and implement strategies, says IRDA
Participants in "Insurance for All" Vision Meet, hosted by...
20% rise in intake of anti-depressants among people since Covid outbreak
The sale and consumption of antidepressants, also called neuro-cognitive enhancers, has increased by 20 per cent, observes Dr Rajiv Mehta, vice-chairperson, Institute of Psychiatry and Behavioural Sciences, Sir Gangaram Hospital.
Counting Covid-19 enters new era as threats shift away from cases
Scientists say comparing the prevalence of Covid to the flu, which kills about 650,000 people globally each year, will become an important yardstick come next fall and winter. Covid has killed more than 3.8 million people since the start of 2020, but vaccinated countries should eventually be able to treat its periodic resurgences in the same way as they do the flu — and make policy decisions accordingly.
COVID-19 cases surge in Africa, less than 0.8% of fully vaccinated, say officials
New cases are up nearly 30% in the past week and deaths are up by 15%, she said, with five countries — South Africa, Tunisia, Zambia, Uganda and Namibia — accounting for 76% of the new cases. The continent of 1.3 billion people has not yet been battered with an emergency during the pandemic on the scale of that recently facing India, but officials including Moeti continue to warn that such a catastrophe could hit.
“Africa is in the midst of a full blown third wave…We’ve seen in India and elsewhere how quickly COVID-19 can rebound and overwhelm health systems,” Matshidiso Moeti, WHO regional director for Africa, told a news conference.
DPIIT notifies 74% FDI cap in insurance sector under automatic route
According to a press note issued by the department, the decision will take effect from the date of FEMA (Foreign Exchange Management Act) notification
India logs 67,208 new COVID-19 cases, 2,330 deaths in last 24 hours
According to the Health Ministry, the national COVID-19 recovery rate has improved to 95.93 per cent. The recoveries continued to outnumber daily new cases for the 35th consecutive day. India witnessed 1,03,570 recoveries in the last 24 hours, taking the recovery tally to 2,84,91,670.
Global life insurance outlook revised to stable amid brightening growth prospects:Moody’s
“Strong solvency capital ratios globally underpin our view of the outlook,” Moody’s Vice President Manoj Jethani says.
“Although pandemic mortality continues to weaken profitability, the overall impact on the credit profile of life insurers has been less severe than originally expected due to differences in demographics of the general versus the insured population, as well the benefits of diversification from longevity-type insurance products, ” he adds.
Shocked by COVID deaths, young Indians rush for life insurance
Industry executives say enquiries about insurance plans have rocketed despite the second wave of infections subsiding, probably due to strong prospects of a third wave given the slow start India made to the mammoth task of vaccinating its people.
India:Amid unlock, Doctors warn of ‘Worse Than Second Wave’ situation if norms not followed
Medical experts in mid-May had concurred that it was lockdown majorly that had brought down the count of daily cases, while cautioning that the severity of cases was still the same.
Covishield dose interval under discussion: NTAGI Working Group Chairman
“Decision to increase the gap between administering 2 doses of COVISHIELD has been taken in a transparent manner based on scientific data. India has a robust mechanism to evaluate data. It’s unfortunate that such an important issue is being politicised!,” said Vardhan on Twitter.
Hedge Funds remain an option for some insurers
The life/annuity segment raised its dollar exposure in hedge funds 5.8%, to $5.4 billion, and the property/casualty segment, 5.5%, to $6.6 billion.
Several qualities made hedge funds attractive to investors during the pandemic, including risk diversification and a low correlation to other asset classes. The hedge fund industry still lost approximately $44.5 billion in asset flows in 2020, according to the report, but that is nearly half the amount pulled out in 2019.