Prime Minister Narendra Modi addresses the nation on the occasion of country's 74th Independence Day from the ramparts of Red Fort,New Delhi

Modi says India set to mass produce COVID-19 vaccine, launches digital health mission

Indian News       Aug 15, 2020

  NEW DELHI: India is ready to mass produce COVID-19 vaccines when scientists give the go-ahead, Prime Minister Narendra Modi said in his Independence Day speech on Saturday, also launching a national project to roll out health identities for each citizen. In annual celebrations held at...

65,002 new cases take India''s COVID-19 tally to 25.26 lakh; death toll nearing 50k

Indian News       Aug 15, 2020

  New Delhi: A spike of 65,002 cases took India's COVID-19 tally past 25 lakh on Saturday, just a day after it crossed the 24 lakh mark, while the number of fatalities neared 50,000 with 996 deaths, Union Health Ministry data showed. According to figures from...

Atul Sahai, CMD,New India Assurance

New India's combined ratio falls to a record 102.14% from 116.28%,Net profit at Rs 286.47 crore in Q1 FY 21 

Indian News       Aug 14, 2020

  Mumbai: With a record improvement in its combined ratio(CR) of 102.14 per cent,the New India Assurance(NIA), the country’s largest non-life multinational, has seen its net profit going up by 3 per cent year on year (y-o-Y) to Rs 286.47 crore in Q1 FY 21.  The...

Insurers settle 70,000 Covid-19 claims for 700 crore, IRDA Chief

Indian News       Aug 14, 2020

  Chennai: In 20 days,between July 10-July 31,450,000 individuals were covered by the health insurers with their standardised health cover `Corona Kavach Policy' and narly 70,000 Covid-related claims worth Rs 700 crore were settled by insurance companies, the Insurance Regulatory and Development Authority of India (Irdai),said...

NHA gives nod to integrate select Central Healthcare Scheme with Ayushman Bharat

Indian News       Aug 13, 2020

New Delhi: The governing board of National Health Authority (NHA) on Thursday approved the proposal for integration of certain healthcare schemes of Central Ministries and Public Sector Undertakings (PSUs) with Ayushman Bharat- Pradhan Mantri Jan Arogya Yojana (AB-PMJAY). In an official statement by NHA, it...

Business owners can sue insurer over coronavirus losses, US judge rule

International News       Aug 13, 2020

  Missouri: A federal judge in Missouri said on Wednesday a group of hair salons and restaurants can sue their insurance carrier for business interruption losses caused by the coronavirus pandemic, which they say caused a “direct physical loss” to their premises. The decision against Cincinnati...

India reports a record 66,999 Covid-19 cases and 942 deaths, Over 1.28 Cr PPEs, given to states,UTs by Centre for free

Indian News       Aug 13, 2020

New Delhi,  India has reported a record 66,999 Covid-19 cases on Thursday and 942 deaths in the last 24 hours.The Covid-19 tally in the country has risen to 23,96,638 including 6,53,622 active cases,16,95,982 discharged & 47,033 deaths: Ministry of Health. The total number of samples...

Zydus Cadila launches India's cheapest remdesivir version at $37 per vial

Indian News       Aug 13, 2020

BENGALURU: Zydus Cadila on Thursday launched the cheapest generic version of Gilead Sciences’ antiviral drug remdesivir in India to treat COVID-19 following reports of shortages at hospitals in the world’s third-worst hit nation. Zydus has priced it at 2,800 rupees ($37.44) per 100mg vial. It...

Munich Re among insurers facing ‘Major’ Beirut blast losses

International News       Aug 13, 2020

Some of the world’s biggest reinsurers are bracing for potential losses running into tens of millions of euros after last week’s explosion that ravaged much of downtown Beirut. Property damage alone from the blast, which killed more than 150 people and triggered the collapse of...

Directors' liability insurance rates surge on virus litigation fears

International News       Aug 12, 2020

  Premiums for directors’ and officers’ liability insurance surged in the second quarter, broker Marsh said on Monday, as insurance underwriters fear the coronavirus pandemic will lead to hefty litigation claims. Premiums for directors’ liability insurance, known as D&O, in Britain rose by more than 100%,...

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