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.

This coronavirus insurance policy is priced at just Rs 156 with an insurance cover of Rs 50,000 for a person aged under 55 years and the cover is applicable at any hospital offering Coronavirus treatment.

Spurred by the insurance regulator to come up with Covid-specific products, several such plans have flooded the market in the past month or so from players such as Star Health & Allied Insurance, Bharti AXA Health Insurance, etc.

The policy does not stay in force unless renewed. This means any claim filed during the grace period is not considered by the insurer for the settlement. It is advisable to renew the policy before the renewal date is missed or the grace period starts

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.

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.

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.

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.

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.

Stocks in news: Tata Power, GAIL and Muthoot Finance

Stocks in news: Apollo Tyres, Rites and India Cements

Tata Motors posts Rs 1,738 crore Q3 profit in dramatic turnaround

PNB Q3 Earnings: PSU lender reports Rs 492 cr loss on higher provisioning

Bharti Airtel posts Rs 1,035 cr Q3 net loss, hints at tariff hike

Sensex falls 470 points, Nifty below 9,000; L&T climbs 6%, Airtel 4%

Sensex jumps 1,080 points, Nifty tops 9,300; IndusInd jumps up to 8%

Sensex gains 59 points, Nifty ends flat; J&K Bank surges 20%

Sensex rises 100 points, Nifty tops 9,200; Voda Idea rallies 10%

Sensex falls 500 points, Nifty below 9,200; ICICI Bank declines 4%

Sensex rises for 2nd day, gains 371 points; Nifty just short of 9,400

HDFC twins drive Sensex 606 points higher; Nifty tops 9,500

Sensex zooms 997 pts, Nifty ends April F&O expiry at 9,860; India VIX posts worst month ever

Sensex bleeds 2,002 points due to global selloff; Nifty slips below 9,300

Bank, FMCG stocks drag Sensex 262 points lower; Nifty barely holds above 9,200

Sensex surges 550 points, Nifty reclaims 9,350; IndusInd Bank, HUL jump 4% each

Insurance cover on bank deposits raised to Rs 5 lakh effective Tuesday

RBI monetary policy: Factors to watch out for

RBI keeps repo rate unchanged at 5.15% amid accelerating inflation

RBI cuts repo rate by 0.75% to 4.40% amid Covid-19 outbreak

RBI's Monetary Policy Report forecasts global recession, says India's growth outlook "drastically altered"

Very sharp U-shaped recovery is a strong possibility: ASK Investment Manager

The unit of South Korean chemical giant LG Chem said it is committed to working closely with the concerned authorities to investigate the cause of the incident, prevent recurrence in future and secure the foundation for care and treatment. The firm said a special task force has been set up to help victims and families to resolve any issues.

Delhi BJP president Manoj Tiwari on Saturday expressed concern over reports of "underreporting" of deaths due to Covid-19 in Delhi and asked Chief Minister Arvind Kejriwal to clear the air about it.

Confusion prevailed over the number of COVID-19 deaths in Delhi, with data from four hospitals showing that 92 people succumbed to the infection as against 68 reported by the government.

India's battle against Covid-19 is proving to be a harrowing time for the police, who must negotiate anxious families, unruly crowds and an invisible virus.

​​When the novel coronavirus began to appear in India, I was concerned for the people of the Himalayas above Rishikesh, where I have been blessed to live for the past 24 years. If Covid-19 spread to the remote and unequipped villages of India, how much life would be lost?

"I have seen a significant amount of evidence that suggests that the lab was underperforming, that there were security risks at the lab and that the virus could well have emanated from there," US Secretary of State Mike Pompeo told Ben Shapiro in an interview on Friday.

The H-1B is a non-immigrant visa that allows US companies to employ foreign workers from countries like India and China in speciality occupations that require theoretical or technical expertise.

The Trump administration is tightening visa guidelines for Chinese journalists in response to the treatment of U.S.journalists in China, as tensions flare between the two nations over the coronavirus.

Vizag gas leak tragedy: Tension at LG Polymers plant as villagers protest demanding its closure

Coronavirus in West Bengal: 11 deaths, 108 fresh cases reported in last 24 hours

Nepal: Chinese protesters arrested after clash with police, 6 cops injured

Bandipora: Fake currency racket busted by J&K Police, 4 arrested

India is followed by China ($67 billion), Mexico and Philippines ($34 billion each), according to World Bank.

ET looked at data from 1990-91 to present, and the remittance-elections bump is evident.

The acceptance of Indian currency is good news for Indian tourists as earlier they lost a sizeable amount due to exchange rates.

NRI deposits between April & August saw an inflow of $4 billion, compared with $5.7 billion in the same period last year. NRIs in the Gulf, who contribute the maximum to the deposit chunk, are showing preference towards mutual funds.