Page 2 - Insurance Schemes
Insurance scheme for healthcare workers on Covid-19 duty extended
The Union Health Ministry said it has been decided to extend the policy to provide a safety net to dependents of health workers who are deputed to take care of Covid-19 patients
 "Insurance scheme for healthcare workers on Covid-19 duty extended")
ULIPs gain traction as preferred insurance schemes amid pandemic: Survey
Affinity of investors to park money in ULIPs has gone up during the pandemic, mainly because of flexibility to manage the funds, according to a survey report by Bajaj Allianz Life Insurance
 "ULIPs gain traction as preferred insurance schemes amid pandemic: Survey")
Govt wants speedy settlement of claims; FM to meet insurers today
FM Sitharaman to meet insurers to discuss easing processes for settling claims
 "Govt wants speedy settlement of claims; FM to meet insurers today")
Irdai launches standard personal accident cover, max Rs 1 cr sum assured
General and standalone health insurers will have to offer product from April 1, full claim payable on death with 12 months of accident date, even after the end of policy period
 "Irdai launches standard personal accident cover, max Rs 1 cr sum assured")
Saral Pension promises higher liquidity than existing plans: Details here
Surrender, loan options will encourage those wary of illiquid annuities
 "Saral Pension promises higher liquidity than existing plans: Details here")
Insurers brace for huge claims due to Cyclone Amphan, eye aviation claims
West Bengal Chief Minister Mamata Banerjee said that the damage due to Amphan could be more than Rs 1 trillion
 "Insurers brace for huge claims due to Cyclone Amphan, eye aviation claims")
Covid-19 impact: Non-Life insurance premiums fall more than 10% in April
Claims have also not risen sharply both in motor and health, giving some respite to insurance companies
 "Covid-19 impact: Non-Life insurance premiums fall more than 10% in April")
Insurance covers that protect cos from cyber attacks, data thefts & frauds
Post the ransomware attacks of 2017, the demand for cyber insurance from the manufacturing sector has been on the rise," said Sanjay Kedia, CEO Marsh India Insurance Brokers
 "Insurance covers that protect cos from cyber attacks, data thefts & frauds")
Irdai partnering states to contact those with uninsured vehicles
Under the Motor Vehicles Act, it is mandatory for all vehicles to have a third-party insurance cover
 "Irdai partnering states to contact those with uninsured vehicles")
GST Council decides to exempt 24 insurance schemes for reinsurance
The proposal to exempt reinsurance schemes was recommended by the Fitment Committee and was approved by the GST Council on January 18
 "GST Council decides to exempt 24 insurance schemes for reinsurance")
