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India’s peak holiday season set to send COVID-19 cases surging

“We will probably have more deaths out of starvation if the rural migratory population who flock to cities during the pujas and earn some money during the festivity are deprived of the opportunity,” said Subrata Mukherjee, a cabinet minister in the fourth-most populous state of West Bengal, which has one of India’s highest coronavirus caseloads.

Life insures have to mandatorily launch standard term life product from Jan 21:IRDAI

The minimum sum assured of the product should be at Rs 5 lakh while maximum sum assured can be Rs 25 lakh. Insurers have the option of offering sum assured beyond Rs 25 lakh under Saral Jeevan Bima with all other terms and conditions remaining the same, said the IRDA.
The following  words shall be prominently displayed in BOLD, on the welcome letter of policy document as well as on the first page of Sales Literature.

“This policy will cover death due to accident only during the waiting period of 45 days from the date of commencement of risk.In case of death of the life assured other than due to accident during the waiting period, an amount equal to 100% of all premiums received excluding taxes, if any, will be paid and the sum assured will not be paid;;

Health insurance premiums have risen by only 5%:IRDAI

“I would suggest that voluntary disclosures be made by all the hospitals and health providers so that public will chose looking at disclosures given by each hospitals where they would like to go and performance indicators might be also disclosed,” added SC Khuntia, chairman, IRDAI,.

India witnessing V-shaped recovery, govt steps to spur economic growth: FM

“She mentioned that the V-shaped pattern of recovery is being seen in several high-frequency indicators, including manufacturing PMI that reached the highest level in last eight years in the month of September 2020, presenting a strong recovery prospect for the manufacturing sector,” it said.

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