LIC policyholders to get up to Rs 2,500 concession on revival of lapsed policies : Bulletin: Business Today
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LIC policyholders to get up to Rs 2,500 concession on revival of lapsed policies

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BusinessToday.In | August 11, 2020

More dead from coronavirus than from communicable diseases in 3 years

India's cumulative coronavirus deaths at 44,386 since the outbreak of the pandemic this year have now crossed all deaths from communicable diseases in the past three years. Deaths reported due to major communicable diseases totaled 41,890 between 2016 and 2018. Of these, pneumonia accounted for the maximum share of 28.1 per cent and mortality due to acute respiratory infection stood at 10,158 with the second highest share of 24.2 per cent during these three years.

Donald Trump escorted from briefing amid shooting near White House

The U.S. Secret Service abruptly escorted President Donald Trump out of the White House press room in the middle of a briefing on Monday because of a shooting outside the White House. Trump returned to the media room several minutes later and said a person had been shot by law enforcement and taken to the hospital. He said he understood the suspect had been armed.

AAI puts GoAir on cash-and-carry mode over Rs 50 crore unpaid dues

Airports Authority of India (AAI) has put no-frills airline GoAir on cash and carry mode after the latter could not clear unpaid dues worth Rs 50 crore. The airline will now have to pay upfront to avail of services at airports operated by the AAI. The decision comes into effect on August 11.

Atma Nirbhar Bharat: Centre to focus on lowering use of imported components in locally developed platforms

The defence ministry will focus on significantly bringing down percentage of imported components in indigenously developed military platforms and weapons systems like light combat aircraft Tejas and Akash missiles, officials said on Monday. The Indian armed forces have been using a plethora of indigenously developed platforms and weapons which have various imported components and electronic systems.

LIC policyholders to get up to Rs 2,500 concession on revival of lapsed policies

In a major relief to LIC policyholders, the insurance major has offered an opportunity for its customers to revive their lapsed policies in a bid to encourage continuation of risk cover during the coronavirus pandemic period. LIC has launched a special revival campaign from August 10 till October 9 for its customers to revive their individual lapsed LIC policies.

Manmohan Singh offers 'three steps' to deal with India's economic crisis

Former Prime minister and economist Dr Manmohan Singh has offered three steps to save India from the economic crisis. While speaking to the BBC, Dr Singh stated that firstly,, the government should "ensure people's livelihoods are protected and they have spending power through a significant direct cash assistance". Second, govt should make adequate capital available for businesses through "government-backed credit guarantee programmes". Third, government should fix the financial sector through "institutional autonomy and processes".

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