Eco/Invest/Demography

Flipkart to offer Covid-19 covers of ICICI Lombard and Digit Insurance in its e-platform

Indian News       Apr 10, 2020

  Bangalore: Flipkart, a Walmart-owned  retailer,has announced that the health insurnace policies that distinctly cover COVID-19 offered by two general insurers-ICICI Lombard and Digit Insurance- are now available on its platform.   These two group health insurance policies come with instant claim benefits and do not require...

Insurers return part of auto premiums as coronavirus cuts driving

Facts       Apr 09, 2020

Major U.S. insurers are offering credit to auto and motorcycle policyholders following a decline in driving, as most Americans stay at home to help contain the spread of the novel coronavirus.   Following is a list of companies, in alphabetical order, which have offered to return...

India says lockdown has spared it from overwhelming number of coronavirus cases

Indian News       Apr 09, 2020

NEW DELHI: The Indian government on Thursday claimed initial success in its fight against the coronavirus epidemic, saying it would have been hit with 820,000 cases by next week had it not imposed a nationwide lockdown.   The number of people infected with the virus stood...

Multiple billion-dollar severe weather outbreaks affect the U.S. during March, Aon cat report

International News       Apr 09, 2020

  CHICAGO: The monthly Global Catastrophe Recap report by Aon plc,evaluating the impact of the natural disaster events that occurred worldwide during March 2020,reveals a total economic losses in excess of USD1.1bn, with roughly three-quarters of the total covered by insurance.   Steve Bowen, Director and Meteorologist...

Coronavirus impact on Swiss Re absolutely manageable,says official

International News       Apr 09, 2020

FRANKFURT:  Swiss Re is confident it can weather the storm of the coronavirus outbreak, an executive said.   The reinsurer has a strong balance sheet, prudent asset allocation and hedges on assets, Edi Schmid, Swiss Re’s Group Chief Underwriting Officer, said in comments embargoed for Wednesday.  ...

China plans allowing a foreign life insurer to own more than one main business license

International News       Apr 09, 2020

  Beijing: China plans to make it easier for foreign life insurers to make controlling acquisitions and large equity investments in domestic peers, five people with knowledge of the matter said, as the country pushes ahead in opening up its financial sector.   The plan being drafted...

SC order for free Covid-19 testing may hinder fight,say experts

Indian News       Apr 09, 2020

NEW DELHI: A decision by the Supreme Court of India to make testing for coronavirus free places an unfair financial burden on medical firms and could see a reduction in testing, already among the world’s lowest, said business leaders and health experts.   The concern is...

RBI says coronavirus has 'drastically altered' India's growth outlook

Indian News       Apr 09, 2020

  MUMBAI: The outlook for India’s economic recovery has been sharply altered by the coronavirus outbreak, the central bank said in its Monetary Policy Report, underlining the pandemic’s deepening impact on South Asia’s engine of growth. “Prior to the outbreak of COVID-19, the outlook for growth...

Caronavirus Pandemic:Cases rise to 6,588 , death toll at 199

Indian News       Apr 09, 2020

  New Delhi: With over 500 fresh cases reported in last 24 hours, India's novel coronavirus cases surged to 6,588 , according to the Union Health Ministry data. As many as 199 deaths have been reported in India since the virus outbreak, according to the Union...

EMI moratorium fraud: banks asking customers to be alert, not to share OTP with imposters

Indian News       Apr 09, 2020

  Mumbai: In a bid to warn customers against fraudsters who may attempt to exploit the EMI moratorium scheme, leading banks are reaching out to their customers to caution them against 'EMI moratorium frauds' and strongly advising them not to share sensitive information like OTP and...

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