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.

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.

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.

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.

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 Insurance Regulatory and Development Authority of India (IRDAI) has issued norms for general and health insurers for quick settlement of claims filed by policyholders for coronavirus (COVID-19) disease/infection.

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.

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.

Trump’s move, a clear attempt to bolster his base ahead of the US election, shakes the very foundation of the image of America in the minds of many. This is a country where the immigrant story has had its fullest most Technicolor rendition, where politicians routinely boast about their immigrant roots.

H-1B visa recipients can remain in the country legally for 60 days without being paid.

The US government has given a grace period of 60 days to H-1B visa holders and Green Card applicants.

The Home Ministry also said it has kept in abeyance multiple-entry life-long visas given to Overseas Citizens of India card holders till international travel remains suspended.

"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.

All existing visas issued to nationals of any country who have not yet entered India, will remain suspended till prohibition on international air travel of passengers from/to India is lifted. Exceptions include Visa issued to diplomats, official passport holders, those in UN/international organisations, and those on Employment and Project visas.

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.

An NRI is spared tax on income outside India. A resident is required to pay tax on global earnings.

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.

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.

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.

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Beaten down banking and industrial stocks likely to outperform in near term: Taher Badshah

Stock up on gold and silver before the virus crisis is over: Jim Rogers

Can't be in lockdown forever, have to focus both on lives and livelihoods: Raghuram Rajan

Be extremely cautious and don't get swayed by the sharp bear market rallies: Dipan Mehta

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.

The Maharashtra government has decided to make available its bus services free of cost from Monday to facilitate travelling of people stranded in various parts of the state to their homes during the lockdown period, transport minister Anil Parab said on Saturday.

The real economic activities in Rajasthan are taking place in the rural areas. On April 18, we had 62,000 NREGA (National Rural Employment Guarantee Act) workers; on May 5 the number jumped to 16.5 lakh, said Pilot.

The country -- hardest hit by the pandemic in terms of the number of fatalities -- has now confirmed a total of 1,283,829 cases, Johns Hopkins University reported.

"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 first phase of easing lockdown began as the government announced removing restrictions by allowing more business to open and operate from dawn to 5pm.

Coronavirus pandemic: Kanpur metro construction resumes amid lockdown 3.0

Coronavirus testing: Over 15 lakhs tested till now for COVID-19, informs Harsh Vardhan

Coronavirus lockdown: 97 trains carrying migrants entered state so far, informs UP Govt