Intermediaries

Health and motor insurance renewal date further extended till May 15

Indian News       Apr 16, 2020

  New Delhi: The Centre has allowed health and motor insurance policyholders to defer payment of their renewal premium falling due during the period of the ongoing lockdown that has been extended till May 3.   The finance ministry in a revised notification on Thursday has now...

Covid-19: Govt to transfer financial assistance only through DBT mechanism

Indian News       Apr 16, 2020

  New Delhi: The finance ministry on Thursday clarified that financial assistance to people hit by the Covid-19 crisis will be provided only through the Direct Benefit Transfer (DBT) mechanism and no other means.   The clarification came amid various rumours doing the rounds on financial assistance...

Covid-19 covers of ICICI Lombard and Digit Insurance to be available in Flipkart platform

Indian News       Apr 10, 2020

  Bangalore: Flipkart, a Walmart-owned retailer,has announced that the health insurance 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...

Merging PSBs can continue their existing bancassurance partnerships for a year:IRDAI

Indian News       Apr 08, 2020

  Hydearbad: The insurance regulator IRDAI has clarified as to how the existing bancassurance arrangements for the public sector banks(PSBs), who are parts of  the mega merger exercise effected since 1st April, 2020, will function post the merger of these entities.   Earlier, Punjab National Bank (PNB)...

IRDAI asks insurers to follow rules strictly in paying commissions to the intermediaries  

Indian News       Apr 03, 2020

  Hydearbad: Finding fault with the existing systems followed by the insurers for paying of commission or remuneration or rewards to the intermediaries, the insurance regulator IRDAI on Friday has revamped the existing norms for its meaningful and effective compliance uniformly by all insurers from FY...

Mega merger of state-run banks comes into force from April 1, says RBI

Indian News       Mar 29, 2020

  Mumbai: The schemes for the merger of ten state-run banks into four lenders are coming into force from April 1, according to the Reserve Bank of India. The banking regulator in separate releases announced that the branches of merging banks will operate as of the...

Govt bans export of anti-malarial drug hydroxycloroquine

Indian News       Mar 25, 2020

  New Delhi:  Amid coronavirus outbreak, the government on Wednesday banned export of anti-malarial drug hydroxycloroquine with immediate effect to ensure sufficient availability of the medicine in the domestic market.   Indian Council of Medical Research (ICMR) Director General Balram Bhargava had on Monday recommended the use...

21-day lockdown Care Ratings predicts Rs 7.2 lakh crore impact on economy

Indian News       Mar 25, 2020

  Mumbai: If the 21-day long national lockdown leads to 80 per cent production loss, the economy will take a hit of Rs 35,000-40,000 crore on a daily basis, shaving off Rs 6.3-7.2 lakh crore cumulatively, says Care Ratings.   The assessment is based on the FY20...

Caronavirus Pandemic: Companies' recruitment strategy shift to virtual platforms

Facts       Mar 23, 2020

  New Delhi:  Following the unforeseen disruption of the coronavirus pandemic, companies are now resorting to intelligent automated systems that offer virtual screening environment and interviewing experience, instead of conducting in-person interviews.   Companies have taken the rising global health crisis very seriously and are concerned about...

India plans e-commerce regulator, tighter controls under new policy

Indian News       Mar 20, 2020

NEW DELHI: India wants to set up an e-commerce regulator and force companies such as Amazon to swiftly turn over information sought by authorities as part of a new policy being drafted, two sources familiar with the plan told Reuters. The new policy will be...