Indian

IRDA clears 16 Regulatory Sand Box proposals from 8 insurers

Mar 31, 2020

This is for the first time Regulatory Sandbox proposals from life insurers have been approved as in the first tranche the regulator had only allowed such proposals from only general insurance companies.

Medical Devices notified as drugs from 1 April 2020

Mar 31, 2020

“Therefore, the maximum retail prices (MRPs) of all the medical devices would be monitored by the government under the provisions of Para 20(1) of the DPCO, 2013, to ensure that no manufacturer/importer increases the MRP of a drug more than 10 per cent of MRP during preceding 12 month and where the increase is beyond 10 per cent of maximum retail price, it shall reduce the same to the level of ten percent of maximum retail price for next twelve months,” the statement said.

ICICI Gen and Bharat Pe partner to launch Coronavirus cover for shopkeepers

Mar 30, 2020

On a diagnosis of COVID-19 (+ve), the policy holder will paid be 100% of the sum insured, irrespective of hospitalization expenses.

The health cover is priced affordably at a premium starting at nominal amount of ₹ 199 and provides a sum insured for₹ 25,000 and value-added benefits such as Health Assistance and CHAT/Virtual assistance, teleconsultation and ambulance assistance, as part of the offering. The unique benefit of the COVID-19 Insurance Protection Cover is the coverage across the age group of 18-65 years.

Coronavirus Pandemic: Cases rise to 1,071 in India, number of dead at 29

Mar 30, 2020

“There are rumours & media reports, claiming that the Government will extend the #Lockdown21 when it expires. The Cabinet Secretary has denied these reports, and stated that they are baseless,” the Press Information Bureau (PIB) of the Ministry of Information and Broadcasting tweeted.

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