Indian News

Kotak Life forays into health insurance;launches Kotak Health Shield

Health, Life       Oct 22, 2020

  Mumbai: Kotak Mahindra Life Insurance Company Limited (Kotak Life) today announced its foray into health insurance with a new product launch - Kotak Health Shield. This product offers a fixed benefit, comprehensive health insurance plan, covering most critical illnesses such as Cancer, Cardiac, Liver and...

India's Dr Reddy's isolates data center services after cyberattack

BENGALURU:  Indian drugmaker Dr Reddy's Laboratories Ltd REDY.NS said on Thursday it had isolated all its data center services as a preventive measure following a cyberattack.Shares of the company, which has a partnership to run clinical trials of Russia’s Sputnik-V COVID-19 vaccine in India, fell...

India has set aside $7 billion to vaccinate the world’s second Biggest Population

Eco/Invest/Demography, Health, Non-Life, Pandemic       Oct 22, 2020

  New Delhi: India has set aside $7 billion to vaccinate the world’s second biggest populationIndia’s government has set aside about 500 billion rupees ($7 billion) to vaccinate the world’s most populous nation after China against the coronavirus, according to people with knowledge of the matter....

Govt restores all existing visas, barring electronic, tourist and medical categories

Eco/Invest/Demography, Health, Non-Life, Pandemic       Oct 22, 2020

  New Delhi The government on Thursday decided to restore with immediate effect all existing visas, except electronic, tourist and medical categories, almost eight months after their suspension following the coronavirus outbreak and subsequent imposition of a nationwide lockdown The Ministry of Home Affairs (MHA) also...

COVID-19: India records 55,839 new infections, 702 deaths

Eco/Invest/Demography, Health, Pandemic       Oct 22, 2020

New Delhi: The number of coronavirus infections reported in a span of 24 hours remained below 60,000 for the fourth consecutive day on Thursday as India's caseload went past 77 lakh, while recoveries have crossed 68 lakh, according to data updated by the Union Health...

Delhi's pollution levels worsen, air quality still in 'poor' category

Eco/Invest/Demography, Health, Non-Life       Oct 21, 2020

New Delhi: Delhi's pollution levels worsened on Wednesday even as the air quality index remained in the 'poor' category, with a government agency forecasting improvement in the situation on Thursday with cleaner easterly wind coming in. According to the Central Pollution Control Board (CPCB), Delhi's...

Cruise, GM to seek U.S. okay for self-driving vehicle without pedal, steering wheel

  Self-driving car maker Cruise said on Wednesday it and majority shareholder General Motors Co GM.N would seek U.S. regulatory approval in coming months to deploy a limited number of Cruise Origin vehicles without steering wheels or pedals. At the same time, it will withdraw an...

Lto R- LIC's MR Kumar,Chairman,Vipin Anand,MD,MK Gupta,MD at the launch of its New Jeevan Shanti plan

LIC launches Deferred Annuity plan with 5.5 % guarantee

Eco/Invest/Demography, Pension, Wealth Management       Oct 21, 2020

  Mumbai: In the days of falling interest rate, the life insurance behemoth Life Insurance Corporation(LIC) has launched a non-linked, non-participating, individual, single premium, deferred annuity plan-New Jeevan Shanti plan- offering an average guranteed annuity rate of 5.5% along with a risk cover..  The annuity rates...

IRDAI issues stringent advertisement norms for insurance industry  

Eco/Invest/Demography, Regulation       Oct 21, 2020

  Hyderabad The insurance regulator IRDAI has come out with a stringent advertisement policy for the entire gamut of the insurance industry and has widened the ambit of ``Unfair or misleading advertisement".for the sector.  All insurers have to publish claims paid ratios, as per the instructions...

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