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Here is a masonry blog layout with no sidebarLife insures have to mandatorily launch standard term life product from Jan 21:IRDAI
The minimum sum assured of the product should be at Rs 5 lakh while maximum sum assured can be Rs 25 lakh. Insurers have the option of offering sum assured beyond Rs 25 lakh under Saral Jeevan Bima with all other terms and conditions remaining the same, said the IRDA.
The following words shall be prominently displayed in BOLD, on the welcome letter of policy document as well as on the first page of Sales Literature.
“This policy will cover death due to accident only during the waiting period of 45 days from the date of commencement of risk.In case of death of the life assured other than due to accident during the waiting period, an amount equal to 100% of all premiums received excluding taxes, if any, will be paid and the sum assured will not be paid;;
91 million urban Indians lack basic handwashing facilities at home: UNICEF
Oxford scientists develop five-minute COVID-19 antigen test
“Our method quickly detects intact virus particles,” said Professor Achilles Kapanidis, at Oxford’s Department of Physics, adding that this meant the test would be “simple, extremely rapid, and cost-effective”.
Rapid antigen tests are seen as key in rolling out mass-testing and re-opening economies while the coronavirus is still circulating, and those that are already in use are faster and cheaper but less accurate than existing molecular PCR tests.
IMF data shows pandemic will push China GDP growth well beyond US
Extreme poverty is set to rise for the first time in more than two decades, and persistent output losses imply a major setback to living standards versus the pre-pandemic days, the IMF said.“The poor are getting poorer with close to 90 million people expected to fall into extreme deprivation this year,” said Gopinath.
Health insurance premiums have risen by only 5%:IRDAI
India witnessing V-shaped recovery, govt steps to spur economic growth: FM
Risk Management: COVID-19 spurs collaboration and innovation
Risk management and transfer has always been about collaboration between client, broker and insurance carrier to find the most suitable solutions for risk problems. Without a doubt, the COVID-19 pandemic has forced us all to find different ways to do that – with the opportunity for face-to-face brainstorming put on hold, we need to find other ways to continue to innovate.
WHO study says remdesivir did not cut hospital stay or mortality in COVID-19 patients
“The emerging (WHO) data appears inconsistent, with more robust evidence from multiple randomized, controlled studies published in peer-reviewed journals validating the clinical benefit of remdesivir,” Gilead told Reuters.
“We are concerned the data from this open-label global trial has not undergone the rigorous review required to allow for constructive scientific discussion, particularly given the limitations of the trial design.”
COVID-19 caseload in India rises to 72,39,389
India to fall below Bangladesh in terms of per capita GDP in 2020
Going by the latest IMF estimate, India would be the third poorest nation in South Asia, with only Pakistan and Nepal reporting lower per capita GDP, whereas Bhutan, Bangladesh, Maldives, and Sri Lanka would outpace India.
However, India, Asia’s third-largest economy, is likely to bounce back with an impressive 8.8 per cent growth rate in 2021, thus regaining the position of the fastest growing emerging economy, surpassing China’s projected growth rate of 8.2 per cent, the IMF said.
Eli Lilly pauses trial of antibody drug Trump touted as COVID-19 ‘cure’ over safety concern
“Out of an abundance of caution, the ACTIV-3 independent data safety monitoring board (DSMB) has recommended a pause in enrollment.Lilly is supportive of the decision by the independent DSMB to cautiously ensure the safety of the patients participating in this study,”,” Lilly spokeswoman Molly McCully said in an emailed statement. “
World Bank approves $12B to finance Virus Vaccines, Care
The world’s richest countries have locked up most of the world’s potential vaccine supply through 2021, raising worries that poor and vulnerable communities will not be able to get the shots. Meanwhile, an ambitious international project to deliver coronavirus vaccines to the world’s poorest people, called Covax, is facing potential shortages of money, cargo planes, refrigeration and vaccines themselves.
Sabotage suspected in Mumbai power outage: Energy minister
Coronavirus pandemic has exposed global leadership deficit, says report
Over 70 per cent of citizens around the globe say they are experiencing the lowest point in their nation’s history, while nearly two-thirds say their leaders are out of touch or “don’t really care what happens” to them, the Milken Institute and the Harris Poll said in a report. More than 29,000 people from 27 countries participated in the ‘The Listening Project’ survey between February and October.
Indian activists oppose plans to make Goa a coal transport hub
Activists say the projects are also likely to lead to the felling of thousands of trees in ecologically sensitive areas that are home to wildlife and bodies of water.
Alina Saldanha, a state assembly member from Modi’s Bharatiya Janata Party (BJP), wrote to the federal environment minister last week, saying she had “serious concerns” over environmental clearances given to some projects.
Pay-per-part: TRUMPF and Munich Re plan new business model for the manufacturing industry
The jointly developed “pay-per-part model” enables customers to use a full-service laser machine without having to buy or lease any equipment.Instead, customers pay a previously agreed price for each cut sheet metal part – in other words, they only pay for what they need. This allows customers to make their production processes more flexible and react faster to market changes.
“The cooperation with TRUMPF is an outstanding example of how the combination of Munich Re Group’s various offerings – risk solutions, IoT technology and financing – makes it possible to develop innovative business models for the industry. We are convinced that such partnerships represent a forward-looking response to the challenges of an increasingly dynamic market environment,” said Torsten Jeworrek,Member of the Board of Management
NGT notice to Centre on plea for quashing notification on groundwater extraction
A bench headed by NGT Chairperson Justice Adarsh Kumar Goel said the Central Ground Water Authority (CGWA) was repeatedly issuing notification liberalising ground water extraction in water scarcity areas in spite of the need for stringent action, contrary to the very purpose for which it was setup.
The tribunal also issued notice to the Central Pollution Control Board (CPCB), and said water is a scarce resource on which life is dependent and its extraction has to be duly regulated.
In areas where there is water scarcity, extraction can be allowed on stringent conditions of ensuring recharge, it said.
Future Group lost Rs 7,000 cr revenue in first 3-4 months of COVID-19 pandemic: Kishore Biyani
In August this year, billionaire Mukesh Ambani’s Reliance Industries announced acquisition of retail and wholesale business and the logistics and warehousing business from the Future Group as going concerns on a slump sale basis for lumpsum aggregate consideration of Rs 24,713 crore.
Future Group’s financial and insurance business is not part of the deal.