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Covid-19 Crisis:IRDAI asks insurers to be cautious on dividend payments,rationalise expenses and ensure solvency margin

Emphasising on prudent management of financial resources by the domestic insurers in the days  of Covid-19 pandemic and ongoing lockdown in the country, the board of insurers are advised to devise strategies to ensure that they have adequate capital and resources available with them, said Pravin Kutumbe, member(Finance & Investment),IRDAI in a circular to the insurers on Monday.

Only Ayushman Yojana beneficiaries can be tested for free in pvt labs: SC

“We make it clear that the benefit of free testing by a person can be availed only when he or she is covered under any scheme like Ayushman Bharat Pradhan Mantri Jan Aarogya Yojana.We are also of the view that looking to the plight of persons belonging to economically weaker sections of the society, the Government may consider as to whether any other categories of persons belonging to economically weaker sections of the society can be extended benefit of free testing of Covid-19,” it said.

Nationwide lockdown extended till May 3:PM Modi

“There will be strict vigil till April 20.States which will not let hotspots increase, they could be allowed to let some important activities resume, but with certain conditions  Relaxation may be given in safe areas post April 20,” PM Modi said.

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