Metro Observer Daily

The government has undertaken deep structural and sustained reforms in the last few years. One of the sectors it focused on, is the health and insurance sector. The government introduced the flagship scheme Ayushman Bharat (PM-JAY), one of the most ambitious schemes, to increase awareness and bring more citizens covered under insurance. The Covid-19 pandemic has also created growth opportunities for the sector. The insurance sector categorised into life, general and health insurance, comprises 54 insurance companies out of which 24 are life insurers. The life insurance policies have increased – approximately 28 million new policyholders in the FY 2020-21.  A notable reform, ‘the FDI cap for the insurance sector has increased from 49 per cent to 74 per cent. The increase in the limit was primarily focused to get foreign investors, as this sector is highly capital intensive with a long gestation period, takes companies 7-10 years to break even and start becoming profitable. This refo...

VIENNA :  Austria is suspending a law making  COVID-19  vaccinations mandatory for all adults, the government said Wednesday, just a month after the legislation took effect in an EU first. The Alpine nation of nine million people was among few countries in the world to make jabs against the coronavirus compulsory for all adults.  The Alpine nation of nine million people was among few countries in the world to make jabs against the coronavirus compulsory for all adults. The law took effect in February and called for fines up to 3,600 euros ($3,940) from mid-March for those who do not comply. But Minister Karoline Edtstadler said the law’s “encroachment of fundamental rights” could no longer be justified by the danger posed by the pandemic. “After consultations with the health minister, we have decided that we will of course follow what the (expert) commission has said,” Edtstadler told reporters after a Cabinet meeting. ​ Check Out :  https://www.arabnews.com/nod...