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IRDAI panel makes various suggestions on retail engineering insurance products
On sum insured definition for retail segment for engineering products, it said: “Considering a near unanimous view from all stakeholders, the panel suggests Sum Insured limit of up to Rs 50 crores is recommended for retail segment”.
The group, as per the report, opined that the retail products with standard wordings with uniform coverage of a good range of essential covers are needed to give a comprehensive protection boost to the SME and MSME sector entities and units.
The products should be offered by all Indian insurers without any changes or modifications, it said.
Levels of air pollutants on rise in Indian cities, says study
“We were surprised to see the increase in formaldehyde above Delhi, Kanpur and London” a clue that emissions of other volatile organic compounds may be changing, potentially driven by economic development and changes in domestic behaviour. Our results emphasise the need to monitor our air for the unexpected, and the importance of ongoing enforcement of measures for cleaner air, the study’s co-author Professor William Bloss, also from the University of Birmingham, said.
India’s coronavirus infections cross 18 million; record number of daily deaths
India reported 379,257 new COVID-19 cases and 3,645 new deaths on Thursday, according to health ministry data. It was the deadliest day so far for any country hit by the pandemic. India’s best hope to curb its second deadly wave of COVID-19 was to vaccinate its vast population, said experts, and on Wednesday it opened registrations for everyone above the age of 18 to be given jabs from Saturday.
Bombay HC refuses to hear PIL seeking uniform rate of COVID-19 vaccines
The HC, however, said the petition should have been filed before the Supreme Court which, while taking up suo motu (on its own) cognisance of matters pertaining to COVID-19, had said it would hear all pan-India issues.
”The Supreme Court has said issues that have pan-India effect will be dealt with by them and pricing is a phenomenon applicable all over India. We are not entertaining it (PIL) as the apex court has fairly covered it,” the court said.
International
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VARA and Ebix announce strategic partnership in India
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Smog-filled Indian & Pakistan cities could turn into dangerously unhealthy snow globes: NOAA
This is just the start to the smog season in northern India and...
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