The Council also confirmed that the clause of ‘Force Majeure’ will not apply in case of COVID-19 death claims. This step was taken to reassure customers who had reached out to individual life insurance companies seeking clarity on this clause.

"To support customers during this time where their car/bike will not be in use, Acko General Insurance has decided to not charge insurance for one month and has announced an industry-first initiative that gives a one-month insurance extension to car and bike owners," Acko General said.

Where unit-linked policies mature and fund value is to be paid in lumpsum, Life Insurers may offer staggered settlement option to policyholders. This onetime option is regardless of whether such option exists or not in the specific product.

Generally, every year in March the health insurance industry witnesses a higher growth in the sale of health insurance policies. This is because people normally rush to buy policies before the end of the financial year to save tax.

An individual looking to buy health insurance cover has to make two decisions. The first is whether the entire family needs insurance and the second is about the type of health policy to buy.

Medical insurance should be typically taken for at least one year to cater to any health issue which could commence during the lockdown but extend beyond. However, insurers can also tailor health policies to suit the budgets of small enterprises.

You may now get the option from your insurer to pay your health insurance premiums on a monthly, quarterly or half-yearly basis in addition to the current option of paying premiums on an annual basis amid coronavirus outbreak.

The latest circular by the regulator will help enable the policy purchase and KYC fulfillment process in a distance mode where customers can do it from the comfort of their houses just with the click of a button.

Due to the prevailing COVID 19 outbreak, the need for prolonged hospitalisation of almost 2 weeks pushes the claims costs. These factors are likely to influence the pricing of health insurance in the coming years.

Notably, Bharti AXA General Insurance’s proposal for a usage-based motor insurance product was shortlisted by the Insurance Regulatory and Development Authority of India for its regulatory sandbox project.

Times may seem bleak, but this too shall pass, and when it does, we will need to get ready for life to return to normalcy. Part of this normalcy will be finances, and for life to move on, it's crucial to make sure savings have not been eaten away through avoidable medical expenses.

US President Donald Trump has signed an executive order pausing immigration for 60 days to protect the jobs of Americans laid off due to the COVID-19 pandemic. ​​Nasscom noted that the US Department of Homeland Security (DHS) has provided an excellent roadmap for any subsequent potential recommendation for non-immigrant and other visa categories.

Trump has sought a review of the non-immigrant programs, which includes the popular H-1Bs.

President Donald Trump's executive order to temporarily halt issuance of green cards aims to "turn off the faucet" of new immigrant labour and is the beginning of a broader strategy to reduce the flow of foreigners into the US.

"Among the top 30 H-1B employers are major US firms including Amazon, Microsoft, Walmart, Google, Apple and Facebook. All of them take advantage of program rules in order to legally pay many of their H-1B workers below the local median wage for the jobs they fill," said the report released by the Economic Policy Institute.

The Department of Homeland Security (DHS) argued that the American technology workers, who had challenged the 2015 ruling on giving work permits to H-4 visa-holders, have not been irreparably harmed by such work authorisation.

They have also asked for the suspension of the Optional Practical Training (OPT) programme which lets foreign students in science, technology, engineering and mathematics (STEM) work in the United States for up to three years after graduating. In 2019, over 223,000 people had their OPTs approved or extended.

In order to avoid any misinterpretation, it is clarified that in case of an Indian citizen who becomes deemed resident of India under this proposed provision, income earned outside India by him shall not be taxed in India unless it is derived from an Indian business or profession.

Clarification that overseas earnings of bona fide workers won’t be taxed is ambiguous, say experts.

Govt has decided to tax only the income generated by NRIs from the biz in India, leaving their global incomes.

Your manager dreads review meetings as much as you do, because it is an unpleasant task to pass judgment on another person’s contributions and compensation. Here’s how you can make it work well for everyone and ace your annual appraisal.

An athlete is a master of the science behind his sport. Which muscles to exercise, the right skills, the impact of diet and which medicines are allowed. Figure out the science behind the interview and selection process of the company.

The COVID-19 outbreak has caused almost all firms to deploy the work from home practice for employees. While some may be used to this, others may feel lost in the exercise. To crack and make the most of your work from home situation, here are important points.

The ongoing all-India lockdown could be lifted after 21 days or get extended. If the latter happens, the economy will get worse and firms may have to shut shop. Here's how you can achieve career growth even in a lockdown, as you preprare for things to swing either way.

As the country is under Coronavirus lockdown, you can use this opportunity to learn some important skills and accelerate your career growth. Here are the eight skills you can learn.

When you consider a new job which appears to give you a higher paycheck, identify the hidden costs that could derail your dreams of saving for your new house. Here’s what you should look at.

Skill stacking is the most efficient way to multiply your earning ability. Not everyone has the time, ability and resources to single-mindedly pursue one skill to perfection. However, there is a faster way.

Though India does not have similar jobs data reporting structure during this pandemic, it is easy to see that the job market this year will be the most challenging that we have seen in our lifetimes.

If the company is planning lay-offs, start circulating your resume and talking to people in the industry without discussing it with colleagues. It is also a good idea to build a contingency fund to help you sail through in case you don’t find a job immediately.

Factors will determine if your job profile will evolve. However, don’t expect a change where the business-efficient alternative is to replace you to save nonproductive costs or deal with change in customer behaviour.

“Create a separate user profile with minimal privileges for work-only use. Close all work-related windows, applications, files, and documents when not in use. Do not use work email addresses to sign up for unauthorised, free tools. Grant access to your employees to corporate network only though a company-approved VPN with multi-factor authentication,” the advisory states.

Can I just start by saying, holy shit… year seven? I mean, what the hell have I been doing for the last seven years? (Besides...

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