Life

SBI Life Q1 profit slumps 43 % to Rs 220 crore on higher Covid claims payout

Indian News       Jul 26, 2021

  Mumbai: SBI Life Insurance Company Ltd (SBI Life) on Monday reported a 43 per cent slump in its net profit to Rs 220 crore for the quarter ended in June hit by higher claim payouts due to Covid-19 pandemic. The insurer had posted a net...

Ageas Federal Life Insurance expects 35-40pc premium growth in FY22

Indian News       Jul 25, 2021

  Mumbai: Ageas Federal Life Insurance Company expects a 35-40 per cent growth in premium income in the current financial year despite higher claim payouts in the first quarter, a top company official said. The company looks to keep the momentum going after better-than expected performance...

Many now have immunity against COVID-19 but don't lower guard: Experts

Facts       Jul 25, 2021

  New Delhi: While a large number of people now have immunity against coronavirus due to previous infections or vaccination, a guarded approach is needed in terms of implementing restrictive measures to avoid a second wave-like crisis, experts said. Dr Yudhyavir Singh, who has been managing...

India's economic rebound faces rising risk from Delta variant: Reuters poll

Facts       Jul 23, 2021

India's economic rebound, already weakened in recent months, could lose further momentum as coronavirus variants pose the greatest threat and inflation rises, a Reuters poll of economists found. The latest survey results suggest difficult policy decisions lie ahead for the Reserve Bank of India, which...

Maha: 47 villages cut-off in rain-hit Kolhapur district; 965 families shifted

Indian News       Jul 22, 2021

  Pune: As many as 47 villages were cut-off in Kolhapur district of Maharashtra after roads leading to them were submerged in water due to heavy rains and 965 families were shifted to safer places, while the Panchganga river hovered near the danger mark, officials said...

Death rates soar in Southeast Asia as virus wave spreads

International News       Jul 22, 2021

Indonesia has converted nearly its entire oxygen production to medical use just to meet the demand from COVID-19 patients struggling to breathe. Overflowing hospitals in Malaysia had to resort to treating patients on the floor. And in Myanmar's largest city, graveyard workers have been laboring...

Nine new Insurance Ombudsmen selected 

Indian News       Jul 21, 2021

  Mumbai: The Governing Body of Insurance Council (GBIC) has recommended names, including  insurers and other technocrats,for filling up posts of nine Insurance Ombudsmen, located in different parts , mostly capital cities of states, of the country. They have been selected, out of over 50 candidates,...

US life expectancy in 2020 drops by 1.5 years due to Covid-19 pandemic

International News       Jul 21, 2021

  Life expectancy in the United States dropped the most in more than seven decades last year as Covid-19 sent hundreds of thousands of Americans to early deaths. The pandemic's disproportionate toll on communities of color also widened existing gaps in life expectancy between White and...

N S Kannan, MD & and CEO,ICICI Pru Life

Rs 500-cr COVID claims leave ICICI Prudential in the red with Rs 186 cr Q1 net loss

Indian News       Jul 20, 2021

  Mumbai: ICICI Prudential Life on Tuesday opened the earnings seasons for the life insurance sector with a massive Rs 500 crore claims arising due to the coronavirus pandemic, leading to a Rs 186-crore net loss for the June quarter. The second-largest private sector life insurer...

With vaccinated support staff, primary schools can open: ICMR

Indian News       Jul 20, 2021

  NEW DELHI: Once India starts reopening schools, it will be wise to being with the primary section as children have a lower number of ace receptors to which virus attaches, making them much better at handling viral infections than adults, said ICMR Director General Balram...

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