BUSINESS
From Rs 2.7 crore to Rs 2,151 crore premium: How Digit became the first unicorn of 2021
Digit Insurance became the first unicorn of 2021. Here's how it achieved this milestone in just three years of business in the non-life segment.
MCMINIS
The rise of participating products in insurance
BUSINESS
Indian insurers’ growth to rebound backed by health, protection business, says Moody’s analyst
Health insurance business has seen a spike in growth due to the fears of the Coronavirus outbreak.
BUSINESS
UK not a top destination for Indian students this year with lockdown, COVID-19 fears
Universities are still continuing online lessons amidst the rising fears of the new COVID-19 strain in the UK. But, Indian students are not enthused about fully online classes.
BUSINESS
Why potential vaccine-related legal liabilities worry Covid-19 vaccine makers
As part of their purchase pacts, some countries have agreed to indemnify vaccine makers against claims following any adverse effects. India has not agreed to this so far. Executives of vaccine makers are also worried about the high cost of product liability covers they will have to buy given the limited data on adverse effects at this stage
BUSINESS
Explained: How jumping a red light could affect your motor insurance premium
The higher and graver the number of violations, the higher the premium. So, customers will end up paying anywhere between Rs 100-750 for two-wheelers and Rs 300-1,500 for four-wheelers/commercial vehicles as an additional premium. The new system is first proposed to be tried out on a trial basis in the National Capital Territory of Delhi region.
BUSINESS
Classes face disruption amid vaccination drive in school buildings, teachers demanding shots
Schools have already lost close to seven months of physical classes due to the nationwide lockdown to minimise the coronavirus spread. With Board exams jut months away, students cannot afford to lose more time
BUSINESS
Phishing alert! Here’s how you can verify job offers
Is a job role from your dream employer too good to be true? Verify the credentials of the sender to see if it is a scam.
BUSINESS
Is GST applicable for skipping notice period and canteen food? It’s a yes and no
A recent decision by the Gujarat Authority for Advance Rulings has ruled in a case for imposition of 18 percent GST on the recovery of notice pay from employees who skip serving this period. A similar 5 percent GST is also applicable on food sold in canteens.
BUSINESS
Small-town dreams to $1 billion valuation: How Aakash Educational Services grew wings
Byju’s is in talks to acquire Aakash Educational Services in a billion-dollar deal. But what makes this coaching-led education company founded by JC Chaudhry tick? How did it become the target of an acquisition? Read on to find out
MCMINIS
Claims No. 1 worry for general insurance customers
BUSINESS
For the second year in a row, Nifty50 companies have only 1 woman CEO
HDFC Life Insurance is the only Nifty50 company that has a woman chief executive. HR experts say societal issues and women dropping out of the workforce in their mid-30s are behind the absence of female leaders.
BUSINESS
Why Covid survivors are struggling to get health and life insurance
Indians who have recovered from Covid are finding it tough to buy a life or health insurance policy amidst concerns about the re-occurrence of the virus in these persons and rising losses. One executive explained that insurers fear those who have recovered could develop lung-related complications, which has made them cautious about loss ratios
BUSINESS
Covid-19 job impact: Which sectors lost the most people and which ones hired the most in 2020?
The year gone by saw millions of Indians laid off, both in the formal and informal sectors, with many still struggling to find a job. At the same time, companies in a few sectors went on a hiring spree. Just how much has employment landscape changed? Who gained and who lost? Read on to find out
BUSINESS
Migrant children: State governments will have onus of identifying student dropouts
Amid the Coronavirus outbreak and the subsequent lockdown, 10.5 million migrant workers had returned to their hometowns and villages along with their families. Their absence led to many children being de-enrolled from their schools. While two-thirds of migrant workers are estimated to be back in the cities, dropout rates of their children from schools has been a matter of concern.
BUSINESS
Will standard insurance products be the magic pill to boost coverage in India?
Standard insurance products are a good start for new entrants to the insurance fold. But these alone may not be adequate to boost India's insurance penetration.
BUSINESS
Explained: Board exams postponed, what the issue is all about
The delay in the board exams mean that results would be declared in July/August and the admission process start in the last week of August/September. The new academic session would likely begin by third week of October followed by a Diwali break.
BUSINESS
NEP 2020 stress on mother tongue, may bring four-language formula
For educational institutes, the first step will be to invest in teachers speaking multiple languages. Currently, mostly teachers speak English, regional language and/or Hindi. Under NEP 2020, schools and colleges would have to either train the existing teachers to teach in different languages or get additional staff.
BUSINESS
Board exams in May, June: Colleges fear further delays in 2021 academic session
Delay in board examinations would mean that college admissions for undergraduate programmes would also have to be postponed.
BUSINESS
Wellness allowances could be a reality for Indian employees in FY22
The wellness allowance will be part of the annual compensation package. Similar to a travel allowance or medical allowance, employees will be given a fixed amount every month. Bills for purchases will have to be produced to redeem these benefits. For companies, healthier employees mean greater productivity
BUSINESS
Minimum Assured Returns scheme in the works, says PFRDA chairman
Separately, under the NPS, the pension regulator is planning a new system for a systematic withdrawal plan or payout. This would allow subscribers to choose between annuity plans or SWPs.
BUSINESS
This is the top grievance of life insurance customers, and it is not misselling
Misselling or unfair business practices was always the number one grievance among policyholders. However, in FY20 this trend changed.
BUSINESS
Explained: Here’s how LIC’s valuation process will be conducted
The embedded value will be a formal step towards analysing the life insurer’s valuation. Once the valuation is declared, LIC’s exact fundraising plan through a stake sale will be made public. Considering the mammoth investments and assets that will be analysed across the 2,000 plus LIC offices in India, it is likely that the complete valuation process could take between five to seven months.
BUSINESS
Giving a video interview? These are a few mistakes to avoid
Online interviews are the new norm amidst the Coronavirus outbreak. But digital etiquettes on how to conduct oneself during interviews are different and expert advice is a must.
