Indian

Covid-19 Pandemic:Life insurers’ new premium income falls 26 % to Rs 13,739 crores in May

Jun 9, 2020

In terms of policies, the industry has seen its numbers plunging by almost 60 per cent y-o-y to 11, 12,2411 in the first two months of the fiscal.For the month of May, at 5,071,992, the industry has almost lost 65 per cent in the same category.

India’s virus count over 2.6 lakh, daily spike inching close to 10,000-mark

Jun 9, 2020

Since the onset of June, the country has also been witnessing over 200 COVID-19 fatalities each day that has taken the country’s death toll to 7,466.

India is the fifth worst-hit nation by the COVID-19 pandemic after the US, Brazil, Russia and the UK, according to the Johns Hopkins University data.

Several states like Haryana, Jammu and Kashmir, Assam, Haryana, Karnataka, Chhattisgarh and Tripura among others have been showing a spurt in cases.

A total 266 new COVID-19 fatalities and 9,987 cases have been reported in the last 24 hours till Tuesday 8 am, according to the Union Health Ministry data.

Auto sales may dip by up to 25% in FY21, sharpest decline in two decades: Ind-Ra

Jun 9, 2020

The decline (excluding in tractors) would be the steepest in the last two decades, much higher than that recorded during the global recession in 2008-09, and is likely to push industry volumes to the 2011-12 levels, Ind-Ra said in a statement.

IRDAI scraps long-term package motor insurance products from Aug 1

Jun 9, 2020

Effectively,now the insurers have to go by another circular issued by the IRDA on June 21, asking them to make available stand-alone annual own damage covers)including standalone OD cover for fire and /or theft if opted for by the policy holders for cars and two-wheelers , both new and old

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