Indian
IRDA allows 3 months moratorium on repayment of term loans sanctioned by insurers
IRDAI has allowed insurers to grant a moratorium of three months towards payment of instalments falling due between 1st March, 2020 and 31st May, 2020. The repayment schedule for such loans and also the residual tenor, will be shifted across the board by three months subsequent to the moratorium period.
COVID-19 death toll rises to 114, number of cases climbs to 4,421: Health Ministry
Centre ‘thinking’ of extending COVID-19 lockdown
A final decision on the date from which the lockdown will begin to be lifted and the manner in which it would be done now hinges on the data to be provided by ICMR and National Disaster Management Authority (NDMA) – likely in three days – on the spread and likely progression of Covid-19 cases in the country, the sources said.
Bajaj Allianz General launches its Arogya Sanjeevani Policy,a Rs 5 lakh cover to cost between Rs 3,700-Rs49,900
• Example 1: If a 35 year old man buys a policy for his spouse (32 years) and a kid ( 5 years) for a Sum Insured of Rs. 5 lakh, the premium of the policy will be Rs. 13,260 on individual basis and for family floater the premium will be Rs. 10, 920
•Example 2: For a Sum Insured of Rs. 3.5 lakh, a 35 year old individual can buy this policy by paying premium of Rs. 5,600.
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