Here's all you need to know about the new process:Insurers will send the policy document and a copy of the proposal form through digital means. This will be sent to the registered e-mail id or mobile number provided by the customer only on the specific consent provided by the policyholder.The policyholders will need to be informed through SMS that the policy document or copy of the proposal form have been sent to their e-mail id or any other digital or electronic mode.A proper mechanism must be put in place by insurers in order to ensure that the documents are sent to the right email address and phone number. This could include an acknowledgment that is appropriately obtained or auto-collected on delivery.When documents are forwarded by electronic means, the mechanism of policyholder having received the document or the electronic platform having delivered the documents shall be maintained. It shall be clearly informed to the policyholder that the date of delivery of the … [Read more...] about COVID-19 impact | Now buy health, auto insurance online: Check out the process and documents needed
Repeal on health insurance
There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine. … [Read more...] about Coronavirus pandemic: India’s measly investment in healthcare may come back to haunt it
Insurance is your most trusted ally while dealing with emergencies that can come knocking anytime. While a term plan provides your dependents with a large financial cushion in your absence and helps them take care of their needs, health insurance prevents out-of-pocket expenses and a dip in savings in case of a medical contingency. … [Read more...] about Roadblocks to financial independence and ways to overcome them
This includes a minimum of three months to eight months of salary based on tenure (includes an extra month of ex-gratia for every year served in addition to their notice period pay), accelerated vesting of ESOPs, extension of accident and term insurance for impacted employees and health insurance for them and their families till Dec'20, the statement said. … [Read more...] about Swiggy to lay off 350 employees due to COVID-19 pandemic
Some companies with leases that are ending this year or next appear to be kicking the can down the road, signing short-term extensions rather than committing to typical deals that last several years. In recent weeks, NBC Universal extended a lease for a secondary office at 1221 Avenue of the Americas and the Stroock & Stroock & Lavan law firm did the same for its office downtown. But they both did so for just a year, according to Colliers. A spokeswoman for NBC Universal declined to comment and Stroock & Stroock did not return a call and multiple emails. … [Read more...] about COVID-19 | Manhattan’s office buildings are empty. But for how long?