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India’s carmakers report brisk sales in monthly sales in Oct
GIC Re expects a price rise of 10-15 % in Jan 1 renewals, to implement Lloyd’s best practices:Srivastava
“We don’t have Business Interruption(BI) claims in India because of the lockdown in the country as General Insurance Council(GI Council),the official representetive body of the Indian resurers and general insurers, with the advise of the Indian insurnace regulator IRDAI has clarified that no BI claims are admissible, without physical damages, because of Covid-19 Pandemic.We have some BI exposures in the overseas markets like Europe and we are waiting for clarity to make payments. But we have already provided for it and it is unlikely to put pressure on our balancesheeet,” said Devesh Srivastava, Chairman-cum-Managing Director in an exclusive interview with Asia Insurance Post.
`GIC Re is in favour of participation of other global reinsurers in the Indian “Pandemic Pool’’he said
Telangana EV Policy: First two lakh e-2 wheelers exempted from road tax, registration fee
“To make Telangana a major base for EV and ESS (energy storage system) sectors and to attract investments worth USD 4.0 Billion and create employment for 120,000 persons by 2030 through EVs in shared mobility, charging infrastructure development and EV and ESS manufacturing activities,” the policy said
India’s COVID-19 caseload goes past 81 lakh with 48,648 fresh infections
A total of 74,32,829 people have recuperated from COVID-19 so far, taking the national recovery rate to 91.34 per cent. The case fatality rate has dropped to 1.49 per cent.
The number of active COVID-19 cases remained below 6 lakh for the second consecutive day.
There are 5,82,649 active cases of coronavirus infection in the country, which comprise 7.16 per cent of the total caseload, the data stated.
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