LIC launches Arogya Rakshak individual health insurance cover

2019年3月26日 0 Comments

Life Insurance Corporation of India (LIC) has introduced Arogya Rakshak with effect from July 19. It is a non-linked, non-participating, regular premium, individual health insurance plan. This plan provides fixed-benefit health insurance cover against certain specified health risks and provides timely support in case of medical emergencies. It also helps the insured and his family remain financially independent in difficult times. An individual can insure himself\/herself (as principal insured (PI), his\/her spouse, all children and parents under one policy. The plan is available for principal insured\/spouse\/parents aged 18 years to 65 years and children of age of 91 days to 20 years. The cover period available for PI\/spouse\/parents is up to 80 years of age, and for children up to 25 years. Benefits of this plan include flexible benefit limit to choose from, flexible premium payment options, valuable financial protection in case of hospitalisation, surgery etc, lump sum benefit irrespective of actual medical costs, increasing health cover by way of auto step up benefit and no-claim benefit. If more than one members are covered under a policy, the premium is waived for other insured(s) in case of death of the original principal insured i.e. the policyholder at the inception of the policy.

Nifty may hit 17200 in coming months, Bank Nifty 37700; large-cap stocks may outperform

2019年3月26日 0 Comments

Nifty 50 may breach current all-time highs and hit 17,200 points in the coming months, according to domestic brokerage and research firm ICICI Direct. Meanwhile, Bank Nifty may reach 37,700 points, the brokerage firm said, adding that there has been a healthy base formation on the banking index. However, temporary breathers have not been ruled out. Nifty reached an all-time high of 16,712 earlier this week. Buy any dip, Nifty may scale 17,200 The firm believes Nifty 50 could move towards 17,000-17,200 in the coming months as it is the price parity of the past two rallies seen during this year. Since January 2021, Nifty has seen 1,800-points rally twice. In the current scenario, Nifty would complete 1,800 points at 17,200 projected from June low of 15,450. To attain the said levels, a buy on dip strategy has been advised. On the downside, ICICI Direct does not expect the index to drop below 15,900, which is the earlier breakout area. 50 days EMA is also placed at 15,900. Bank Nifty The banking index has remained range-bound for quite a while now, thus forming a base for the next leg of up move. On the downside, Bank Nifty is not expected to breach strong support of 34,500. Hence, the current breather would offer incremental buying opportunity in quality banking stocks, The fall in the broader markets comes after months of outperformance. Keeping this in mind, analysts at ICICI Direct believe that now large-caps will outperform while broader markets undergo higher base formation. TCS, Tech Mahindra, HCL Tech, and Mindtree are seen as potential outperformers while Reliance, Cyient, and Teamlease are pegged as bargain buys by ICICI Direct. On the other hand, the Banking sector is now offering favourable risk-reward after having consolidated in the previous month. Axis Bank and Canara Bank are seen to be bargain buys.

Non-food bank credit grows at 6.2 per cent in July: RBI data

2019年3月26日 0 Comments

The non-food credit bank credit grew at 6.2 per cent in July 2021, compared to 6.4 per cent growth a year ago, RBI data showed. Advances to agriculture and allied activities continued to perform well, registering an accelerated growth of 12.4 per cent in the reporting month, against 5.4 per cent in July 2020, according to RBI data on Sectoral Deployment of Bank Credit – July 2021 released on Tuesday. The growth in credit to industry remained subdued at one per cent in July 2021 compared to 0.9 per cent in the year-ago period, the data showed. Size-wise, credit to medium industries registered a robust growth of 71.6 per cent in July 2021, as compared to a contraction of 1.8 per cent a year ago. Credit to micro and small industries accelerated to 7.9 per cent in July 2021 against a contraction of 1.8 per cent a year ago, while credit to large industries contracted by 2.9 per cent from 1.4 per cent growth a year ago, the data showed. The growth in credit to the services sector slowed to 2.7 per cent in July 2021 from 12.2 per cent, mainly due to deceleration in credit growth to NBFCs, and commercial real estate. Personal loans registered an accelerated growth of 11.2 per cent in July 2021, compared to 9 per cent in the year-ago period, primarily due to higher growth in loans against gold jewellery and vehicle loans, the data showed.

Covid-19: Waning vaccine efficiency, high pre-symptomatic transmission behind Delta variant’s rapid spread

2019年3月12日 0 Comments

Reduced vaccine efficiency and high infectiousness during the pre-symptomatic phase are leading to rapid transmission of the coronavirus Recent epidemiological research has found the Delta (B.1.617.2) variant to be 40 per cent more contagious than the Alpha variant, which was first identified in 2020 in the UK. Multiple studies have also shown waning vaccine efficiency against the variant, and also leave vaccinated individuals vulnerable to breakthrough infections. World Health Organization chief Tedros Adhanom Ghebreyesus had earlier said the Delta variant was the most transmissible mutation identified. He added that it was fast becoming the most dominant strain in several countries. According to an internal US Centers for Disease Control and Prevention (CDC) presentation, the variant of the virus is more transmissible than those that cause SARS, MERS, Ebola, the seasonal flu, common cold, and smallpox. It has been found to be as contagious as chickenpox. Why the Delta variant is more infectious According to a recent study, the mutation of a key amino acid could be the reason behind the delta variants ferocity. A University of Texas Medical Branch team, led by virologist Pei-Yong Shi, pinpointed a key mutation that altered one amino acid in the spike protein of the SARS-CoV-2. The change The study found that the change took place in the furin cleavage site of the spike protein. Host proteins must cut the SARS-CoV-2 spike protein twice to penetrate the cells. The furin cleavage site is important as the host enzymes, including furin, make the first cut. The newly formed viral particles emerge from an infected cell and can more efficiently infect host cells. The Alpha variant carries a mutation at the same location. However, it includes change in a different amino acid. The study found that the Delta mutation that altered the furin cleavage has a profound effect. The researchers said the spike protein in Delta-variant particles is cut much more efficiently as compared to other variants, such as the Alpha. The P681R mutation is mainly responsible for the efficient clipping of the spike protein. The P681R mutation is key to the Delta variant The findings of the study were similar to research by University of Tokyo Virologist Kei Sato. Sato Are other key mutations responsible? According to scientists, the Delta variant has several key mutations. They added that the P681R change, despite being significant, is unlikely to be the sole reason behind the rapid transmission. Ugandan researchers said the P681R change was found in a variant that was widespread in the country early this year, but it was not as infectious as the Delta. The Kappa variant identified in India also has the same mutation, but it was found that the spike protein is cleaved less often and the fusion with cell membranes is less efficient. Previous studies have shown that L452R and D6146 The multiple mutations of the Delta variant in the spile protein Cornell University Virologist Gary Whittaker told He added that it was going through people and cells a lot quicker. Why it is difficult to stop the Delta variant A study in China This means people are likely to spread the virus even before suspicion of themselves being infected arises. A recent study led by University of Hong Kong Epidemiologist Benjamin Cowling found that symptoms were manifesting 5.8 days after Delta infections 8 days after first testing positive for viral RNA. This leaves a dangerous window for transmission. The study found that 74 per cent of delta infections occurred during the pre-symptomatic period. The Delta4. The Wuhan strain Waning vaccine effectiveness Several studies have discovered that vaccine effectiveness is lower against the Delta variant, thus leaving even vaccinated individuals vulnerable. A Public Health England study had found that the Oxford-AstraZeneca vaccine A study in Recent Israel Health Ministry data have shown that two doses of Pfizer This is at a time when more than 90 per cent of the country Another recent study by the University of Oxford and the Office for National Statistics has found that the Pfizer vaccine The equivalent protection for the AstraZeneca vaccine was found to be 67 per cent, 65 per cent, and 61 per cent. This waning vaccine effectiveness has emerged as another cause for concern. The study also revealed that peak viral load even in vaccinated individuals was similar to that of unvaccinated people. Similar results have been found in studies conducted in Singapore and the US. This means even fully-vaccinated people are at risk of spreading the Delta variant, making it even more difficult to break the chain. A US CDC report this month said 469 Covid-19 cases were reported in Massachusetts following a large gathering in Provincetown, a beach town. Of these, nearly 75 per cent people were vaccinated. This indicated a high viral load. Genome sequencing of 133 samples revealed that 90 per cent of the cases were caused by the Delta variant. The CDC then updated its guidelines on July 27, recommending even vaccinated people to wear masks in areas of substantial and high Covid-19 transmission.

Nova Benefits: A tech platform to manage employee healthcare needs

2019年3月5日 0 Comments

Nova Benefits is an employee benefits platform centred around corporate health insurance. Nova Companies consult Nova to decide the best health plans while maximising coverages and minimising cost. Nova also enables priority claims resolution for its clients leading to faster claim settlement and reports an industry leading claims CSAT of 9.6 Talking about the early days, Nova Benefits CEO and co-founder Saransh Garg says, There was no place to search for health plans for companies online, get unbiased advice and get quick answers. Co-founder and CTO Yash Gupta, having his first job in South Korea, found it pretty natural when Samsung covered all his expenses for even minor things like a cold, and had access to a person who was there to help with any sort of appointment or reimbursement, at no cost. But then he realised he was paying some $500 a month from his paycheck for health insurance. We went deep into the rabbit hole of insurance and discovered that employees in India have a totally broken experience when it comes to health insurance When they started paying us for our time, we knew we were onto something. We also realised that the size of the market is massive We are a category creator in the employee benefits space. We have also expanded to other benefits like doctor consultations, mental health counselling, health checkups and more. Weve processed over 500 claims in the last few months with an average claims CSAT of 9.6\/10, Nova Benefits closed a $1 million seed round a few months back. It has three primary investors Sumit Maniyar, CEO of Rupeek, and Ashish Goyal, co-founder of Early Salary, are angel investors in it. Nova It plans to monetise by up-selling health packages and value added services in the future. The startup plans to use the funds to expand its technology and product capabilities. Garg says, Corporate health insurance market is expected to cross $10 billion in premiums by 2025. Majority of Indians will be covered by their employers and Covid has accelerated the penetration. 2030 will be the decade when India goes from 10% private health insurance penetration to 90%+.\u201d

US Online Shopping: Stocks to watch in 2021

2019年3月5日 0 Comments

Online Shopping Retail Stocks: For long-term investors in the US stocks, the recent trend in the shopping behaviour could be a factor to keep an eye on. In the backdrop of Covid-19-led restrictions, the online sales were expected to go up more than ever before. Data on July shopping indicated that more consumers have started reconsidering online ordering. The number of households that bought groceries online rose 5% month over month in July to 66.5 million, according to the latest survey Brick Meets Click, sponsored by Mercatus. The US online grocery market posted $6.7 billion in sales during July, a 1.4% decline from $6.8 billion in June, but well above pre-pandemic levels. July sales were more than three times higher than the $2 billion recorded in August 2019. Though grocery retailers saw a pick-up with in-store shopping, a new wave of Covid-19 infections could drive some US consumers back online. Many expect the online buying, especially on the grocery front, to remain a mainstay for many Americans. Walmart Inc. and Target Corp, which rank among the countrys top grocery retailers both in stores and online, reported strong in-store shopping in the quarter ended in July. With the fear of the Delta variant of Coronavirus, the online sales may see an upward boost in the coming months. J J Snack Foods (JJSF) and The Hain Celestial Group are the two other stocks to keep an eye on. JJ Snack Foods Corporation is an American manufacturer, marketer, and distributor of branded niche snack foods and frozen beverages for the food service and retail supermarket industries. The Hain Celestial Group (HAIN), headquartered in Lake Success, NY, is a leading organic and natural products company with operations in North America, Europe and India. Consumer spending makes up about 70% of all U.S. economic activity, making retail numbers a closely watched indicator. According to LisaShalett, Chief Investment Officer, Wealth Management, S. consumer confidence plunged earlier this month, with the University of Michigan2 in July to 70.2 in August Then, a rash of weaker-than-expected economic data, including in retail sales, followed. A silver lining for the sector is the pent-demand that may emerge once the economy opens up fully. Till then, accumulating stocks as and when they see a dip could be the way forward. Disclaimer: The investing decision in these or any other stock should be taken on your own after carefully evaluating the business and other fundamentals of the company or after consulting one It is not a recommendation to buy, hold or sell in any of the stocks. Financial Express Online does not bear any responsibility for their investment advice.

India’s PNB asks tribunal to quash Jet Airways’ rescue plan

2019年3月5日 0 Comments

India A consortium of London-based Kalrock Capital and a UAE-based businessman last year agreed to pump in 10 billion rupees asworking capital and give funds to creditors of Jet, which was hit hard due to piling up debt in 2019. PNB, the court-appointed official in charge of Jet The country At the National Company Law Appellate Tribunal, PNB argued that a reduction of the amount was arbitrary and illegal. On Thursday, the tribunal agreed to hear PNB The case will be heard on Sept. 21. Once India Jet PNB has maintained that since the resolution plan mandated only minimum payment of liquidation value for dissenting creditors it was left with no choice but to approve the plan.