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HDFC Life Insurance net profit falls by 14.5% in March quater
Vibha Padalkar, MD & CEO, HDFC Life said, “We continue to deliver growth higher than industry and register steady performance across all key metrics. We believe that insurance remains a multi-decade opportunity with significant potential.”
Padalkarsaid the insurer had an impact of Rs 1,100 crore in premium collection (new business and renewal) in the last 15 days of March 2020 to Coronavirus-related lockdown. Of this, Rs 400-500 crore impact was on the first year premium.
COVID-19 death toll rises to 824, cases climb to 26,496: Health Ministry
The death toll increased by 45 and the number of cases has gone up by 1,554 since the ministry last updated its data on Saturday evening,
Prime Minister Narendra Modi exhorted people to shun complacency on the assumption that the pandemic will not affect them as it has so far not spread to areas they work or live in, saying “we have to continue being careful and taking the right precautions”. Addressing his monthly ‘Mann ki Baat’ programme, he also said that India’s fight against the novel coronavirus has become people-driven wherein every citizen is playing his or her part
‘No move to reduce retirement age of govt employees’: MoS Jitendra Singh
Earlier, the Union Finance Ministry decided to not roll out any increment in the dearness allowance (DA) for its 1.13 crore government employees and pensioners’ at current levels in view of the coronavirus crisis which has put the economy under stress. The hold on DA hike will remain till July 2021.
Health secy Sudan gets 3-month extension, Tarun Bajaj appointed DEA Secretary
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