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89 deaths reported following COVID vaccination till March 16, but none attributed to vaccine: Govt

by AIP Online Bureau | Mar 23, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic, Risk Management

  New Delhi: A total of 89 deaths have been reported following COVID-19 vaccination till March 16, but none of the fatalities has been attributed to the inoculation so far, Rajya Sabha was informed on Tuesday. In written reply to a question, Minister of State for...

Govt raises PF threshold limit to ₹ 5 Lakh for availing Tax-Free Interest

by AIP Online Bureau | Mar 23, 2021 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

New Delhi: The government on Tuesday raised the deposit threshold limit to ₹ 5 lakh per annum in provident fund for which interest would continue to be tax exempt. This would be applicable to those cases where no contribution is made employers to the retirement fund....

Suspension of international passenger flights extended till April 30

by AIP Online Bureau | Mar 23, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: The coronavirus-induced suspension of scheduled international passenger flights has been extended till April 30, Indian aviation regulator Directorate General of Civil Aviation (DGCA) said on Tuesday. "However, international scheduled flights...

Danish Red Cross launches world’s first cat bond for volcanic eruptions

by AIP Online Bureau | Mar 23, 2021 | Eco/Invest/Demography, International News

  The Danish Red Cross is offering the world’s first catastrophe bond for volcanic eruptions, which is designed to improve the provision and efficiency of humanitarian relief after eruptions of 10 volcanoes across three continents. Sponsored by the Danish...

Lloyd’s launches pioneering parametric earthquake insurance policy in New Zealand

by AIP Online Bureau | Mar 23, 2021 | Disaster & Management, Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance

  London: Lloyd’s has today launched a new pioneering earthquake insurance policy in New Zealand, in partnership with insurance start-up Bounce, which uses cutting-edge technology and real-time GeoNet data to automatically pay customers within five days...
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