Business Standard

Thursday, December 19, 2024 | 05:59 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Covid-19 crisis: Centre seeks Irdai, GI Council view on retrenchment cover

In a recent letter to the Prime Minister, Union Minister for Road, Transport, and Highways Nitin Gadkari had suggested the need for an insurance product that gives subsistence salary

insurance
Premium

The PMO forwarded the letter to the department of financial services, which has, in turn, sought suggestions from Irdai and GI Council

Namrata AcharyaSubrata Panda Kolkata/Mumbai
The Centre has sought suggestions from the Insurance Regulatory Development Authority of India (Irdai) and General Insurance Council (GI Council) on the feasibility of an insurance cover for dealing with retrenchment, said people in the know. This comes in the wake of a large number of salaried individuals losing their jobs due to Covid.
 
In a recent letter to the Prime Minister, Union Minister for Road, Transport, and Highways Nitin Gadkari had suggested the need for an insurance product that gives subsistence salary for a limited period of time in case of job losses due to technological advancement, act of

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in