Non-Life

Non-life insurance cos register 22 pc growth in gross premium at Rs 17,310 cr in Apr

Indian News       May 10, 2021

  Mumbai: Led by state owned New India Assurance, the gross direct premium written by non-life insurance companies rose by over 22 per cent in April this year to Rs 17,309.54 crore, as per regulatory data. All the 33 insurance companies in the non-life segment had...

Insurers can't deny Carona covers to customers: IRDAI

Indian News       May 10, 2021

  Hyderabad: The insurance rgulator IRDAI has reminded the the insurers that they can't  deny, including renewals  carona specific covers to any customers,     Suresh Mathur, executive director, IRDAI, has written a letter to all insurers, on Monday, in this regard saying that the IRDAI is in...

Toyota-backed self-driving car Pony.ai partners with Luminar

Facts       May 10, 2021

  Self-driving tech company Pony.ai, backed by Toyota Motor Corp, said on Monday its next-generation technology for robotaxis will be using lidars made by Luminar Technologies, Inc. Lidars are laser-based sensors that are a key component to many autonomous vehicle technologies and help them perceive the...

Universal pricing system for COVID-treatment introduced in pvt hospitals: Kerala govt tells HC

Indian News       May 10, 2021

  Kochi: Days after the Kerala High Court expressed concern over the high fees levied by private hospitals on COVID-19 patients, the State government said on Monday it has put a cap on the charges and introduced a universal pricing system for its treatment. The state...

No judicial interference needed in Covid-19 vaccine policy: Centre tells SC

Indian News       May 10, 2021

  New Delhi: In a late night affidavit submitted in the Supreme Court, the Centre defended its Covid vaccination policy, which has been criticised for differential pricing, shortage of doses, and slow rollout. An overwhelming majority of countries are not making people pay from their own...

PILs to safeguard children orphaned due to COVID: HC seeks stand of Centre, Delhi govt

Facts       May 10, 2021

  New Delhi: Children orphaned due to COVID-19 should be protected and guarded against being trafficked till they are legally adopted, two PILs have urged the Delhi High Court, which sought the response of the Centre and the Delhi government on the issue on Monday. A...

Total vehicle registrations in India slips 30 pc to 1,52,71,519 units in 2020-21: FADA

Indian News       May 10, 2021

  New Delhi: The total vehicle registrations in India fell by 29.85 per cent to 1,52,71,519 units in financial year 2020-21, the lowest in the last eight years, the Federation of Automobile Dealers Associations (FADA) said on Monday. Total vehicle registrations were at 2,17,68,502 units in...

Eli Lilly signs deals to boost supply of COVID-19 treatment in India

Indian News       May 10, 2021

  New Delhi: Eli Lilly and Co said on Monday it had signed licensing agreements with three Indian generic drugmakers to expand the availability of its arthritis drug baricitinib in the country for treating COVID-19 patients. The agreements will bolster India's arsenal of drugs to battle...

Underwriters puzzle over how to make pandemics insurable again

International News       May 09, 2021

  London, May 10: When much of the global economy locked down last year, insurers, facing estimated losses of more than $100 billion globally, reached straight for their red pens to strike pandemic cover from all new business policies. Denis Kessler, chairman and CEO of French...

WHO experts voice "very low confidence" in some Sinopharm COVID-19 vaccine data

International News       May 09, 2021

  WHO experts have voiced "very low confidence" in data provided by Chinese state-owned drugmaker Sinopharm on its COVID-19 vaccine regarding the risk of serious side-effects in some patients, but overall confidence in its ability to prevent the disease, a document seen by Reuters shows. A...

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