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World Bank signs financing agreements to strengthen Nepal’s health system
The program emphasizes improving the readiness of the health system...
Nepal earthquake kills at least 128, toll could rise, officials say
Officials feared the death toll in Friday's quake could rise as...
Caronavirus Pandemic:New India Assurance provides cover to 22.12 lakh public healtcare professionals
The insurance will provide a “comprehensive personal accident cover of Rs 50 lakh for 90 days to a total of around 22.12 lakh public healthcare providers, including community health workers, who may have to be in direct contact and care of patients suffering from coronavirus infection and who may be at risk of being impacted by this.
How Coronavirus crisis has changed underwriting at Lloyd’s of London
With the closure of the underwriters’ floor, the world’s leading commercial insurance market, Lloyd’s – which started life in Edward Lloyd’s’ coffee house in 1688 – has gone fully online for the first time.
South Korean isurers hit hard by evaporating investment returns
As if they needed another headache, insurers are also having to cope with indebted Korean households increasingly scrimping on insurance. The Korea Insurance Research Institute sees sales of new life insurance products dropping for a fourth straight year in 2020.
Coronavirus pandemic: Over 22 lakh public healthcare providers to get Rs 50 lakh insurance cover
The insurance will provide a “comprehensive personal accident cover of Rs 50 lakh for 90 days to a total of around 22.12 lakh public healthcare providers, including community health workers, who may have to be in direct contact and care of patients suffering from coronavirus infection and who may be at risk of being impacted by this,” the ministry said.
These cases will also be covered subject to numbers indicated by the Ministry of Health.
Pressure mounts on U.S. insurers to pay pandemic business loss claims
This week Ohio and Massachusetts lawmakers introduced bills similar to one in New Jersey which would require insurers to pay the claims, mainly to small businesses, despite exclusions.
Insurers could then seek reimbursement from states, which would recoup the funds by assessing industry fees.
IRDAI postpones its move to hike 3rd party motor premium from Apr 1
“Validity of premium rates for Motor Third Party Liability Insurance Cover set out for the year 2019-20 stands extended beyond 31st March, 2020 until further notice, Accordingly, all insurers shall continue to charge the rates currently being charged for Motor Third Party Liability Insurance Cover from 1st April, 2020 onwards until further orders.,’’said IRDA in its order on Friday.
Owners need to provide mobile numbers for vehicle registration-related services:Govt
In this regard, a notification was issued last week for amending various forms, the ministry said in a statement.
“These forms pertain to various aspects relating to motor vehicles like, registration, transfer, register of vehicles, renewal, duplicate copy, grant of NOC, change of address, entry or termination entry for hire / purchase / hypothecation, etc,” it said.
Insurance for pandemics would require state help: British trade body
UK travel insurers will pay out a record 275 million pounds ($341.30 million) in coronavirus claims, the ABI added in its response to the committee.
SC nod to 10-day sale of 10% of BS-IV unsold inventory post lockdown
A bench of Justices Arun Mishra and Deepak Gupta, which heard the matter on Friday through video-conferencing, made it clear however that no BS IV vehicles will be allowed to be sold in Delhi-NCR from April 1, 2020.
Maha govt mulls insurance for staff treating COVID-19 patients
In a Facebook live, Maharashtra Health Minister Rajesh Tope said apart from the insurance cover, the government also plans to give monetary incentive to the staff.