It is critical to note that insurers don't offer job loss insurance as a standalone benefit. It's an add-on facility
As job loss insurance is available as a rider benefit, there is no separate process to renew the policy
The NCAER observation was supported by the EPFO data that showed Maharashtra and Gujarat accounted for about one-third of all jobs created in May
Indicators such as railway freight revenues, electricity generation, and traffic congestion were down in the week ending July 25.
There is a need for a relaunch of the PMAY scheme with an in-built credit-linked insurance or a mandatory life insurance for all borrowers, it said.
Indian economy news: The pan-India 30-day moving average unemployment rate tracked by CMIE settled well below 8%
As the restrictions ease, urban unemployment rates that entered the double-digit territory from May 6, dipped to less than 10% on July 3
The urban unemployment rate also fell in June but it is still in double digits at 10.07%. The same was 14.73% in May
The research agency said that about 65% of the loss in economic activity due to the lockdowns in April and May have been recovered
Federal Bank hired more than 400 people to manage crowds, provide masks and sanitiser to the public visiting the bank branches during the pandemic