Indian
5% obligatory cession for GIC Re in general insurance business to continue in 2021-22:IRDA
Percentage of commission on obligatory cession for different classes of business will be as follows:
i) Minimum 5% for Motor TP and Oil & Energy insurance.ii) Minimum 10% for Group Health insurance iii) Minimum 7.50% for Crop Insurance.iv) Average Terms for Aviation insurance.
v) Minimum 15% for all other classes of insurance business.
India logs 18,177 new coronavirus cases in 24 hours, tally at 1.03 crore
Maharashtra continues to be the worst-hit state till date. Over 70 per cent of the daily new cases are being reported by 10 states and union territory — Kerala, Maharashtra, West Bengal, Chattisgarh, Tamil Nadu, Karnataka, Uttar Pradesh, Madhya Pradesh, Gujarat and Rajasthan. Five States — Kerala, Maharashtra, Uttar Pradesh, West Bengal and Chhattisgarh contribute 62 per cent of the total active cases.
Labour Min seeks feedback on draft model standing orders for manufacturing, mining, service sectors
Approval for vaccines accelerates India”s journey to be COVID-free, says Modi
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