The government is committed to saving money for urban families, be...
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Andhra hikes free medical treatment scheme limit to Rs 25L , monthly social pension to Rs 3K
YS Jagan Mohan Reddy,Chief Minister, Andhra Pradesh "Andhra Pradesh...
China issues draft plan for data security incidents
The plan, which is currently soliciting opinions from the public,...
Swiss Re’s digital insurance platform iptiQ gets a new CEO
In his new role at iptiQ, Carlo Bewersdorf will be focused on driving Swiss Re’s ambition to protect more people and their families by making insurance more accessible and engaging. He will seek to further develop a business model based on forging strong partnerships to sell insurance via trusted brands. At the heart of this effort is the drive to dovetail Swiss Re’s expertise with the smart use of data and technology to create no-fuss, scalable digital insurance solutions.
Corona Kavach health insurance policy evokes good response: Insurers
“The response has been tremendous as people are quite eager to buy these plans. Since these plans have gone live on the PolicyBazaar’s website, the company has been selling 300-500 policies per day,” said Amut Chhabra, Head-Health Insurance, Policybazaar.com.
Most customers buying these plans are young individuals, he said, adding that “the policies are very much affordable like Rs 208 monthly, which is a fairly cheap amount.” Observing that the response to the Corona Kavach is from across the country, he said, the policy is “following the same trend as the corona situation right now in the country with people from Maharashtra, Tamil Nadu, Karnataka, Delhi NCR showing massive interest in the newly launched plans”.
Floods kill scores in India’s tea-growing Assam; nine rhinos drown
“It’s hard to enforce social distancing when people are being ordered to move away from the rising waters,” said Sanghamitra Sanyal, a member of the northeastern state’s flood management force.
Munich Re’s Covid-19 reinsurance losses at €700m in Q2
The largest share of these losses is attributable to cover for major events,with a lower impact reported in life and health business as well as other lines of property-casualty insurance, including business interruption. At this time, Munich Re perceives considerable ongoing uncertainty with respect to the macroeconomic development and the financial impact of COVID-19, and does not expect that uncertainty will subside between now and early 2021
“Allow the merger of 3 PSU general insurers”:Officers’association urges Sitharaman
The proposed mega company,would have faced the the challenges posed by the private companies,who are indulging in unhealthy trade practices.The competitors – particularly from the private sector,had launched vilified campaign of ‘possible short-comings’ in the services rendered by these PSGI companies on account of proposed merger so as to en-cash the situation for expanding their market, said Confederation
India received 6% more rainfall than normal so far this monsoon, says IMD
But the northwest India division, which covers Jammu and Kashmir, Ladakh, Uttarakhand, Himachal Pradesh, Uttar Pradesh, Haryana, Punjab, Delhi and Rajasthan, has recorded a 19 per cent deficiency, according to the IMD.
HC asks govt about compensation for kin of deceased frontline staff
The petitioner had sought direction to the state government to declare frontline workers, including doctors, police personnel and others, who died after contracting the deadly infection on duty, as martyrs and to give their families compensation.
In its response to the petition last week,the state government had said insurance cover is being provided to all healthcare workers in private and government-run hospitals under the Pradhan Mantri Garib Kalyan Package – Insurance Scheme for Health Workers.
Covid-19 case fatality rate ‘progressively falling’,among lowest in world:Govt
From 2.82 per cent over a month earlier, India’s Covid-19 case fatality rate declined to 2.72 per cent on July 10 and has further reduced to 2.49 per cent presently.
China takes over companies linked to disappeared financier
Among the companies being taken over are Huaxia Life Insurance Co., Tianan Life Insurance Co., Tianan Property Insurance Co., New Times Trust Co., Yi’An Property Insurance Co., and New China Trust Co., the China Banking and Insurance Regulatory Commission said in a statement on its website Friday.
Investors and insurers of Russian pipeline projects at risk of US sanctions
U.S. Secretary of State Mike Pompeo on Wednesday warned investors in two Russian natural gas pipeline projects that they could face sanctions as the Trump administration seeks to curb the Kremlin’s economic leverage over Europe and Turkey. Pompeo told a...