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Apr 1 renewals: Surprisingly, Indian general insurance market turns soft, GIC Re bounces back with a larger capacity
``With a robust solvency ratio of 2.94 , we remain bullish and will...
Finance ministry and PSUs can’t make any new appointments till general elections are over, says EC
Effectively, for the PSU insurance industry , such a stand by the...
Health min warns people against fake Co-WIN apps, says govt-approved app will be launched soon
”Some apps named ‘Co-WIN’ apparently created by unscrupulous elements to sound similar to upcoming official platform of Government, are on Appstores. DO NOT download or share personal information on these. MoHFW Official platform will be adequately publicised on its launch,” the Union Health ministry tweeted.
Criticism mounts over India’s ‘abrupt’ approval of COVAXIN
Regulators also granted approval to Bharat Biotech’s vaccine only “in clinical trial mode”, unusually cryptic language that left some experts baffled.
All Indian vaccines being developed for storage at 2-8 degree Celsius: DBT secretary
Unlike the Pfizer and Moderna which requires a minus 70 degree celsius (cold) chain, this (the Biological E’s vaccine candidate) is basically at the 2-8 degree Celsius, department of biotechnology secretary Renu Swarup said
Telangana Police arrests 11 for running fake vehicle insurance racket in Cyberabad
“On the complaint of Reliance General Insurance’s area manager, regarding the fake vehicle insurance policies, the special operation team, Shamshabad zone, busted fake vehicle insurance gang and apprehended 11 persons, who were involved in the preparation of fake vehicle insurance policies on the name of different insurance companies and selling them to people in need for a huge amount,” the police said.
Govt confirms bird flu cases in Rajasthan, Madhya Pradesh, Himachal Pradesh, Kerala
In an official statement, the ministry said in Rajasthan, bird flu is reported in crows in Baran, Kota and Jhalawar district, while Madhya Pradesh also reported the disease in crows in Mandsaur, Indore and Malwa districts. “In Himachal Pradesh, the bird flu is reported in migratory birds in Kangra, while in Kerala it is reported in poultry-duck in Kottayam and Allapuzha districts,” it said.
WHO recommends two doses of Pfizer COVID-19 vaccine within 21-28 days
“We deliberated and came out with the following recommendation: two doses of this (Pfizer) vaccine within 21-28 days,” Alejandro Cravioto, chairman of WHO’s Strategic Advisory Group of Experts on Immunization (SAGE), told an online news briefing.
More than 85 million people have been reported to be infected by the novel coronavirus globally and around 1.85 million have died, according to a Reuters tally.
Global economy expected to expand by 4% in 2021: World Bank
“While the global economy appears to have entered a subdued recovery, policy makers face formidable challenges – in public health, debt management, budget policies, central banking and structural reforms – as they try to ensure that this still fragile global recovery gains traction and sets a foundation for robust growth,” said World Bank President David Malpass .
“To overcome the impacts of the pandemic and counter the investment headwind, there needs to be a major push to improve business environments, increase labour and product market flexibility, and strengthen transparency and governance,” he said.
Insurer Centene to buy Magellan in $2.2 billion mental health push
The move by Centene to expand mental health support comes as more than two out of five Americans are struggling with mental or behavioral health issues associated with the pandemic, the company said.
“I was thinking about it long before the pandemic, the pandemic just emphasized it,” said Centene Chairman, President and Chief Executive Michael Neidorff.
Centene’s patients, after being diagnosed with a serious illness, such as cancer, would benefit from having increased access to mental health care, Neidorff added.
IRDAI unveils mandatory standard detariffed products for dwellings, micro and small enterprises
The new products can be sold by the general insurers from 1st April, 2021
IRDAI has now issued guidelines whereby the Standard Fire and Special Perils (SFSP) Policy provided for in the AIFT 2001 will be replaced by the standard products that will be mandatorily offered by all general insurers carrying on Fire and allied perils insurance business with effect from 1st April, 2021.
Power ministry proposes pushing back new emission norms deadline
“The target should be to maintain uniform ambient air quality across the country and not uniform emission norms for thermal power plants,” Nishat Kumar, an official at the Ministry of Power said in a January 2 note to the environment ministry, seen by Reuters.