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BAGI’s new cover protects connected cars from cyber-attacks and extortion
V-Pay will also protect the insured’s vehicle from software issues, cyber extortion, and theft of funds resulting from cyber-attacks with its Cyber Risk Protection feature ‘V-Pay’ is a first-of-its-kind, one-stop solution that provides customers with an add-on that...
Equity benchmark indices hit fresh peaks; Sensex breaches 67,000-mark in intra-day trade
"The bulls continued to lift the market to new heights, but volatility emerged in the second half due to concerns over valuation. Rapid fall in the dollar index and a slide in the US 10-year yield are supporting liquidity in emerging markets. While disappointing...
WMO warns of risk of heart attacks, deaths as heatwave intensifies
The WMO has said the extreme weather looks likely to become the “new normal,” underlining the increasing urgency of cutting fossil fuel emissions. The call for action on global warming comes as some European Union nations push back against the pace of the energy...
Cognizant and Max Life launch product development center in Chennai
. “By harnessing our deep domain expertise and digital transformation capabilities we aim to help Max Life accelerate products to market and meet today’s customer demands for innovative and personalized services,” said Achal Kataria, Vice President and India Country...
Moscow halts grain deal in what UN says is a blow to people in need everywhere
Any resumption of shipments without Russia's blessing would probably depend on insurers. Industry sources told Reuters they were studying whether to freeze their coverage "The (key) question is whether Russia mines the area which would effectively cease any form of...
High-quality sleep helps bolster resilience to depression, anxiety: Study
“We found that sleep plays a hugely important role in the management of chronic stress and can sustain well-being over a long period of time, reducing symptoms of depression and anxiety” Dr Scott Cairney, PhD supervisor on the project from the Department of Psychology...
India needs average annual growth of 7.6 pc to become developed nation by 2047: RBI article
It also said that to become a developed country by 2047, India’s per capita GDP needs to rise by 8.8 times from the current level. In other words, the current per capita GDP of USD 2,500 needs to rise to to USD 22,000 Mumbai: India could become a developed country by...
Govt to launch portal for claim submission by depositors of Sahara Group Co-Op Societies
A portal has been developed for submission of legitimate claims by the genuine depositors of the Sahara Group of cooperative societies namely — Sahara Credit Cooperative Society Ltd, Saharayan Universal Multipurpose Society Ltd, Humara India Credit Cooperative Society...
Higher losses during disasters due to abysmally low insurance cover of 8%: SBI Report
The losses due to the ongoing floods in the north is the range of Rs 10,000-15,000 crore as the calamity has severely hit Himachal Pradesh, Uttarakhand, Punjab, Uttar Pradesh, Rajasthan, J&K and Delhi. Himachal alone would have lost Rs 3,000-4,000 crore by way of...
Cancer care should focus on patients rather than commerce: Lancet Comment
According to the Comment, industry’s control of the research agenda has created a system that is predominantly focused on new cancer medicines at the expense of investigating new approaches to surgery, radiotherapy, palliative care, and prevention New Delhi: Cancer...
Global rules leave Crypto firms with no place to hide: G20 Watchdog
The European Union has already approved the world’s first comprehensive set of rules for cryptoasset markets, but the FSB’s ‘global baseline’ minimum standards are designed to accommodate jurisdictions that want to go further Globally agreed rules leave crypto firms...
Swiss investor group lawsuit to seek compensation over UBS-Credit Suisse deal
Hundreds of claims have also been filed by holders of Credit Suisse’s Additional Tier 1 bonds – which were all written down to zero – claiming compensation A group of Credit Suisse AT1 bondholders has also filed a class action suit accusing former executives at the...
Insurers reviewing Black Sea ship cover after Russia suspension
“Annual cover remains in place but voyages to listed areas will be assessed individually as and when seen,” Neil Roberts, head of marine and aviation at Lloyd’s Market Association, which represents the interests of all underwriting businesses in Lloyd’s. Insurers are...
Luxury car market in India poised for record sales in 2023 after stellar H1 numbers
BMW Group India President Vikram Pawah said, ''In the second half also we will break records… It will be even better (than H1) with supplies becoming normal. We'll be having a record year if all things remain constant in the economy. The demand seems strong, the...
IRCTC travel insurance: Passengers now automatically covered, can opt out too
Passengers booking their train tickets on the IRCTC portal are now automatically provided insurance cover for Rs 10 lakh, a senior insurance industry official told IANS The policy covers death/disabilities/medical expenses due to a train accident during the travel....
SC quashes SAT’s stay on IRDAI’s order transferring Sahara Life’s biz to SBI Life
A two-judge bench of the apex court asked the SAT to decide the case afresh on August 3 observing that the appellate tribunal passed the stay order without providing any valid reason New Delhi: In its third hearing, the Abhay S Oka Supreme Court on Monday overturned...
13.5 cr Indians move out of multidimensional poverty in 5 years: Niti Aayog report
The report said rural areas witnessed the fastest decline in poverty from 32.59 per cent to 19.28 per cent, while the urban areas saw a reduction in poverty from 8.65 per cent to 5.27 per cent. Providing multidimensional poverty estimates for the 36 states and Union...
IRDAI asks insurers to quickly settle claims out of North In dia floods
Insurers are advised to respond/assist the claimants through their 24x7 helplines,special claims desks at district level with delegated claims settlement teams for speedyprocessing and settlement of claims including on account payments at the earliest andalso...