Some insurers maintain that pricing the product right is proving to be a huge challenge, primarily due to a short 15-day waiting period and coverage of co-morbidities. “On the one hand, this is a disease-specific cover, but on the other hand, it covers co-morbidities along with COVID-19 treatment, but without any pre-existing diseases waiting period, making it akin to a full-blown cover,” points out Nikhil Apte, Chief Product Officer, Royal Sundaram. For instance, in case of a cancer cover, pay-out is restricted to cancer-related treatment, which is why the premiums are comparatively lower. … [Read more...] about Standard COVID-19 health covers with lower premiums from today
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After the US proclamation that banned non-immigrant visas such as H-1B at the back of COVID-19, Canadian immigration reported a huge spike. For instance, the country saw 11,000 immigrants in May compared to 4,000 in April with significant number of them from countries such as India, China, the Philippines, the US, and Nigeria. … [Read more...] about US visa ban | Is Canada really the next destination for thousands of Indian techies after the US?
The SC ,in the instant cases, noted that no material had been placed by the establishments to demonstrate that the allowances in question (i.e. travel allowance, conveyance canteen allowance, management allowance, special allowance, education allowance, medical allowance, etc.) were either variable or the allowances in question were not paid across the board to all employees in a particular category. … [Read more...] about What Supreme Court’s judgement on applicability of PF contributions means
With nearly 8.5 lakh coronavirus cases and 22,674 deaths due to the infection, India is currently the third worst-affected country, only after the United States and Brazil. The health ministry has emphasised that over 70 percent of the deaths due to the infection occurred due to comorbidities.However, the health ministry has said a total of 5,34,620 people have recovered from COVID-19 and active cases stand at 2,92,258. It added that the country's coronavirus recovery rate has increased to 62.93 percent, and 19,235 people recovered from the infection in the last 24 hours. Across the country, 1,15,87,153 total tests have been conducted till date, the ministry added. … [Read more...] about Coronavirus pandemic | India now accounts for about 12% of daily fresh COVID-19 cases globally
Through Concern India Foundation Trust, RBL Bank has provided food relief to over 1,500 underprivileged families in Mumbai. It has also donated 100mA mobile, X-ray HF 3.5kw machine to the Khan Bhabha Hospital, Kurla which is one of the most severely impacted areas in Mumbai Metropolitan Region. … [Read more...] about RBL Bank gives training, order to make 70k face masks to low-income women entrepreneurs