The Administrator, in its affidavit informed NCLT that instead of...
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LIC and HDFC Life relax norms for claim payments for victims of Wayanad disasters
The government has mandated the Public Sector Insurance companies...
Hong Kong slaps AIA with record fine for anti-laundering lapses
The lapses resulted in some customers who were “politically exposed...
Gig-economy riders in Spain must become staff within 90 days under new rule
The decree, which was agreed on with trade unions and business associations, aims to clarify the legal situation of thousands of riders after Spain’s Supreme Court ruled last year that companies must hire them as employees.
A debate on how to regulate workers’ rights in the gig economy is unfolding globally. The European Commission has opened a public consultation period on potential EU-wide rules.
EU regulator to test insurers for prolonged COVID economic hit
The European Insurance and Occupational Pensions Authority (EIOPA) said it will test 44 insurers and reinsurers for their resilience to the economic consequences of the pandemic and a “lower for longer” interest rate landscape.
Insurers are exposed to the economic environment through the returns they can earn from investing insurance premiums, as well as from the level of demand for their products.
“We are still in the middle of the crisis,” EIOPA Executive Director Fausto Parente told a media conference.
“The insurance sector is for sure not immune.”
Researchers map how city people get health boost from nature
“Nature experience boosts memory, attention and creativity as well as happiness, social engagement and a sense of meaning in life,” said Gretchen Daily, senior author on the paper and faculty director of the Stanford Natural Capital Project. “It might not surprise us that nature stimulates physical activity, but the associated health benefits – from reducing cancer risks to promoting metabolic and other functioning – are really quite astonishing.”
PILs to safeguard children orphaned due to COVID: HC seeks stand of Centre, Delhi govt
A bench of Chief Justice D N Patel and Justice Jasmeet Singh issued notices to the Union ministries of home affairs, women and child development and health, the Aam Aadmi Party (AAP) government in Delhi and the city police, seeking their stand on one of the pleas moved by a lawyer, which has also asked for financial assistance for the families of the patients who died due to the alleged denial of healthcare such as hospital admissions, oxygen and medications.
Europe dares to reopen as 200 millionth vaccine dose delivered
With 200 million vaccine doses delivered, the European Union is on track to achieve its goal of inoculating 70% of its adult population by summer, Commission President Ursula von der Leyen tweeted on Sunday.
Insurers can’t deny Carona covers to customers: IRDAI
All insurers, as applicable, are advised to continue offering Corona Kavach and Corona Rakshak Policies and also to renew these policies, said the IRDAI.
China’s population growth slows; nation becomes older and urbanised
The share of the working-age population — those between ages of 15 and 59 — slumped to 63.4% in 2020 from more than 70% a decade ago, according to the census. Residents aged 60 and above accounted for 18.7% of the population in 2020, up from 13.3% in 2010.
India’s daily COVID-19 deaths near record, calls for nationwide lockdown mount
The Indian Medical Association (IMA), the umbrella body for all conventional doctors and surgeons, called for a “complete, well-planned, pre-announced” lockdown across the country instead of “sporadic” night curfews and restrictions imposed by states for a few days at a time.
“IMA is astonished to see the extreme lethargy and inappropriate actions from the ministry of health in combating the agonizing crisis born out of the devastating second wave of the COVID-19 pandemic,” it said in a statement on Saturday.
Variant accelerating India’s Covid-19 explosion: WHO top scientist
The surge in India is frightening not only due to the horrifying number of people who are sick and dying there, but also because the exploding infection numbers dramatically increase the chances of new and more dangerous variants emerging.
“The more the virus is replicating and spreading and transmitting, the more chances are that… mutations will develop and adapt,” Swaminathan said.
Govt extends retirement age of LIC chairman from 60 to 62, Kumar to get an extension soon
The new rules which were earlier proposed by the ministry of finance (MoF) and were approved by the the Appointments committee of Cabinet(ACC), headed by the Prime Minister Narendra Modi,on April 22, says “the chairman, LIC may be appointed for period of three years, which was earlier five years, or till he/she attains the age of 62 years whichever is earlier.’’
Another important change in the new rules specifies that only managing directors of corporation are eligible for the selection of chairman whereas under the earlier norms, MDs , executive directors(EDs) and zonal managers (Selection Grade) were all eligible to be part of selection process for the post LIC chairmanship.