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Indian

Insurers have to settle cashless Covid-19 claims in 1 hr:IRDA

The IRDAI’s direction to the insurers has come following the Delhi High Court’s direction to  the insurance regulator to advise insurers to communicate their cashless approvals to the concerned hospitals/establishments within a maximum time period of 30 to 60 minutes so that there shall not be any delay in discharge of patients and hospital beds do not remain unoccupied,

India will need 5 lakh ICU beds, 3.5 lakh medical staff in next few weeks, says Dr Devi Shetty

While most of the newspaper headlines and prime time television coverage has been over the lack of oxygen for the patients in ICUs, “I am having sleepless nights for the next headline, which is going to be that patients are dying in ICUs because there are no nurses and doctors to take care of the patients. And this is going to happen. I do not doubt it now,” said Dr Devi Prasad Shetty, the chairman and founder of Narayana Health, a chain of 21 medical centres in India, in his online address at the Symbiosis Golden Jubilee Lecture Series in Pune recently.
At present, India has only 75,000 to 90,000 ICU beds and almost all are already occupied – when the second wave of the pandemic hasn’t even reached its peak yet, he said. India is reporting about 3.5 lakh cases a day, and some experts say the number could go up to 5 lakh cases daily at its peak.

International

India’s Anil Sant to be new CEO of Asia Re

Asia Re has 19 Associate members as additional Shareholders who are the leading insurance/reinsurance Companies of Asia.The govemment of lndia is one of the founding members of Asian Re and the CMD of GIC Re Alice Vaidyan is the representative of the government in Asian Re’s Council of Members.

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