Insurers can classify green bond purchases as infra investments: IRDAI

The Insurance Regulatory and Development Authority of India has allowed insurers to classify their sovereign green bond purchases as infrastructure investments.
The move was made with the objective of de-concentration and diversification of insurers' infrastructure portfolios as well as from the perspective of participation in environmental, social and governance (ESG) initiatives.

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18.86 lakh new workers added under ESI Scheme in the month of November 2022 – ESI data

According to the provisional payroll data provided by the Employees’ State Insurance Scheme (ESI Scheme), 18.86 lakh new employees have been added in the month of November, 2022.
Year-on-year comparison of payroll data reflects an increase of 5.24 lakhs in net membership in November, 2022 as compared to the corresponding month during the last year in 2021.
As per data, around 21,953 new establishments have been registered in the month of November, 2022 under the Employees’ State Insurance Corporation ensuring social security cover to their employees.
Of the total 18.86 lakh employees added during the month, the age group having higher registration was of 18-25 years with 8.78 lakh employees. It shows that the youth of the nation are getting good employment opportunities in the country.
Gender-wise analysis of payroll data indicates that enrolment of net female members has been 3.51 lakh in November, 2022.

EPFO to launch district outreach programme in January 2023

• The Employees’ Provident Fund Organisation will launch a district outreach programme on January 27 as a means to create awareness and reach out to stakeholders.
• Nidhi Aapke Nikat 2.0 which is to be launched , will be a platform for grievance redressal as well as for information exchange between employers and employees and with district level authorities of various State and Central Government departments.
• The programme will be conducted on 27th of every month starting from January 2023.

My Health Care Plan-
Bajaj Allianz General launched its modular health insurance product ‘My Health Care Plan’. My Health Care Plan is filed as an umbrella product under which customizable packages are offered. The flexibility in picking and choosing the covers as per the customers’ necessities gives them the freedom to design their own health care plan basis which the premium for the policy is determined.

Bancassurance tie-up
Star Health and Allied Insurance, renewed its strategic corporate agency tie-up with Punjab National Bank (PNB). Under the strategic agreement, Star Health’s best-in-class health insurance products will be available through the bank’s extensive distribution network of around 10,000 branches across the country, providing customers with a one-stop solution for all their health insurance needs.

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