SAT test now optional for US university admissions; Indian test-prep institutes feel the heat
For students, especially from non-native English speaking nations, the SAT is used to test the ability to read and comprehend university-level programmes
Government may reassess natural catastrophe insurance pool, focus on small dwellings
A pool-like structure for offering natural catastrophe insurance covers that would protect property and dwellings from floods, earthquakes, cyclones, landslides among others.
Did not want co-pay to become a constraint for senior citizens during COVID-19: Prasun Sikdar, CEO, ManipalCigna
In health insurance policies, co-pay refers to an arrangement where the policyholder is required to pay a fixed portion of the medical expenses (claims) out of their own pocket while the insurer pays the rest.
Explained: Is coronavirus lockdown causing ‘revenge’ buying?
India is seeing some signs of revenge buying after a partial lifting of the lockdown. But this may not be sustainable.
Will coronavirus play a dampener in Maharashtra's 2020 Ganesh Chaturthi celebrations?
With a rise in the number of cases in Maharashtra and a few mandals like GSB Wadala taken a decision to postpone festivities to 2021, other organisers may also be forced to follow suit.
Dear India Inc, here’s how not to fire people during a crisis
A spate of layoffs have been reported across companies over the past few months. But are these firms using ethical means to hand out pink slips?
Cyclone Amphan impact | Insured losses may touch Rs 350 crore
A majority of the claims pertain to crop loss due to destruction of agriculture land as well as motor insurance losses.
Lockdown impact or remote-working need? Retailers see higher demand for laptops, phones and computers
With professionals working from home and children attending classes online, personal devices are now the must-have products
COVID-19 impact | Early planning helped us to counter lockdown woes: Sumit Rai, Edelweiss Tokio Life CEO
IRDAI data showed that Edelweiss Tokio Life saw a 47.5 percent year-on-year growth in first year premium in April 2020 at Rs 16.46 crore.
Don’t use your car daily? Edelweiss will now let you switch on your motor insurance only when needed
Edelweiss General Insurance has launched a sandbox-based motor own damage cover where policyholders can switch on the cover only when taking the vehicle out for a drive.
COVID-19 impact | Life insurance companies may shut down nearly 1,000 branches to cut costs
Insurers will look for cost optimisation through use of digital sales platforms
Explained: Lost your job during COVID-19? Here's what to do
Finding another job during the coronavirus outbreak could be tough. But there are some alternatives that job-cut victims could explore.
Don't expect discounts on course fees even if classes now held online, says Ben Charlton of Study Group
Since classes have moved online across institutes in UK, students were expecting some reduction in the annual fee.
Life insurers had 2.27 million agents in FY20. How many will survive post COVID-19?
Individual agents usually visit customer homes or offices to sell insurance policies. Coronavirus has changed that scenario and e-sales is becoming the new normal, raising concerns about the future of field agents.
COVID-19 fight | Here's why Indian healthcare professionals stand to benefit under new US Congress proposal
US lawmakers want to utilise the unused green cards so that highly-skilled physicians and nurses are able to help the country fight the pandemic. Here, 25,000 nurses and 15,000 doctors of foreign origin would be eligible for a green card.
Indians rush to take cover as COVID-19 sparks fears of death, fate of dependent kin
Life insurers said that there has been a surge in queries for term insurance or protection plans from mid-March 2020 onwards. This is translating into higher term policy sales.
Looking at offering 15-20% staff WFH facility post-lockdown: Ashish Kumar Srivastava, PNB Metlife Insurance CEO
The coronavirus-induced lockdown has led to companies offering remote working facilities to employees.
COVID-19 impact | Here's why buying health insurance is getting tougher
From exclusions, premiums to policy terms, Coronavirus has led to insurers rethinking the policy structure for health covers.
Coronavirus pandemic | Demand for API specialists, regulatory experts rises in pharma sector
There is a dearth of quality talent in India even as pharma firms are ramping up to meet demand due to the coronavirus outbreak
Atmanirbhar Bharat package: Loans, subordinate debt good but MSMEs seek cash in hand
A slew of relief measures for MSMEs including emergency loans, subordinate debt and new funding avenues was announced. However, these players seek more.
COVID-19 impact: OYO moves summer internships online; others may follow suit
Interns at OYO Hotels & Homes will be working on projects from home with company officials mentoring them.
Diversifying the product lines worked well for us: Pushan Mahapatra, SBI General Insurance MD & CEO
SBI General Insurance's gross written premium rose 45 percent YoY to Rs 6,840 crore in FY20.
Pension fund regulator says will ensure fee structure benefits both customers, fund managers
Currently, pension fund managers in India only earn 1 paise for every Rs 100 of funds managed under NPS.
Coronavirus pandemic | Now you can write exams from home, under the watchful eye of AI
Writing examinations remotely with artificial intelligence tools monitoring you during the process could become the new normal.
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