Author: hafiz 2012

Posted in Business

Health insurance came after the Great Depression, so what will happen to healthcare after coronavirus?



a person sitting at a table using a laptop


© Provided by The Independent


While telemedicine is growing in times of Covid-19, the healthcare industry isn’t immune to the recession. The global pandemic has reduced inpatient visits by almost a third, has insurance providers knocking at Congress’s door, and plummeted the FTSE All Share by about 20 per cent. But what sounds like a bad diagnosis is actually a ripe opportunity to cure the healthcare industry’s chronic resistance to digital medicine and healthcare e-commerce.

It’s a rare opportunity too. Recessions have fostered some of the most impactful businesses in history – GE, HP and Disney among them – but the healthcare industry hasn’t wavered enough since the Great Depression, which we can thank for bringing us health insurance, to pose an opening for real disruption.

While healthcare isn’t entirely recession-proof, it’s much more resilient than other industries in the face of economic uncertainty. The industry’s unemployment rate was affected

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Posted in Insurance

Does your health insurance cover mental illnesses?



a close up of a sign: Does your health insurance cover mental illnesses?


© Provided by The Financial Express
Does your health insurance cover mental illnesses?



a close up of a sign:  health insurance, mental illnesses, mental illness cover, covid-19, IRDAI, Max Bupa GoActive plan, Manipal Cigna ProHealth Insurance , HDFC Ergo Critical Illness Plan


© Provided by The Financial Express
health insurance, mental illnesses, mental illness cover, covid-19, IRDAI, Max Bupa GoActive plan, Manipal Cigna ProHealth Insurance , HDFC Ergo Critical Illness Plan

Given the significant emotional and financial consequences of COVID-19 in India, it is important to devote adequate resources and attention to the mental health needs of the people throughout the remaining course of the COVID-19 pandemic and most importantly, to prepare for any such pandemics in the near future. As per various researches and studies conducted in the last three months, a majority of people have shown signs of frustration on some level with the primary reason being not able to do what they normally enjoy doing.

An equal number of people seem to be worried about their own health apart from the health of their loved ones.

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Posted in Money

Inside China’s drive for digital currency dominance

In the 13th century, Kublai Khan, the Mongolian emperor who founded China’s Yuan Dynasty, upended monetary convention with a magisterial edict: Accept my money, or die.



a hand holding a cellphone


© Qilai Shen­­—Bloomberg via Getty Images


The threat of execution was not so novel back then, of course. The Khan’s true innovation lay in his refashioning of money itself. The grandson of fearsome Genghis realized he could finance his realm untethered to finite supplies of precious metals. No longer would his geopolitical reach depend on backbreakingly mined and smelted ores hauled along the Silk Road. Instead, he could tap a boundless, lightweight resource—and make money grow on trees. 

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Mulberry trees, to be exact. In a contemporary account, Marco Polo, the wandering merchant of Venice, marveled at “how the great Khan causeth the bark of trees, made into something like paper, to pass for money overall his country.” The banknotes were issued, he

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Posted in Money

Irish Cabinet to Pass New Crypto Laws to Tackle Money Laundering and Terrorist Financing

The cryptocurrency scene in Ireland will be stricter in days to come if the country adopts new laws to streamline business operations of digital asset entities to combat money laundering and terrorist financing. 

The Money Laundering and Terrorist Financing Amendment Bill 2020

With the backing of the cabinet, the Irish Justice Minister, Helen McEntee will publish the Money Laundering and Terrorist Financing Amendment Bill 2020 that also gives effect to the provisions of the fifth EU Money Laundering Directive, reports the Irish Examiner on Aug 10.

If the bill becomes law, new designated bodies like virtual currency and wallet providers will be drawn into the existing legislation. Additional provisions will also stop the country’s regulated banks and financial institutions from creating anonymous safety deposit-boxes.

Digital assets are distributed and decentralized meaning existing laws can’t sufficiently curb their operations. This requires regulators to work closely with policymakers to formulate laws to

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Posted in Insurance

India surpasses 2 million cases as health volunteers strike

NEW DELHI —
As India hit another grim milestone in the coronavirus pandemic on Friday, crossing 2 million confirmed cases and more than 41,000 deaths, community health volunteers went on strike complaining they were ill-equipped to respond to the wave of infection in rural areas.

Even as India has maintained comparatively low mortality rates, the disease has spread widely across the country, with the burden shifting in recent weeks from cities with robust health systems to rural areas, where resources are scarce or nonexistent.

The Health Ministry reported 62,538 cases in the past 24 hours, raising the nation’s confirmed total to 2,027,074. It said 886 more people had died, for a total of 41,585.

But the ministry said that recoveries were growing. India has the third-highest caseload in the world after the United States and Brazil. It has the fifth-most deaths but its fatality rate of about 2% is far

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Posted in Personal

Fintech Greenlight is building ways to let kids invest in stocks

  • Greenlight, the personal financial management app for kids and parents, has seen its user base double since the start of the year.
  • With this growth, Greenlight is building an investing product, where kids can propose stock and ETF trades to their parents.
  • “To build true wealth, you really need to learn how to invest,” Tim Sheehan, cofounder and CEO of Greenlight, told Business Insider. “So we want the kids to try to learn that as early as they can, and to do it in a supervised environment.”
  • Greenlight is backed by investors including JPMorgan Chase, and Wells Fargo.
  • Visit Business Insider’s homepage for more stories.

A personal finance app for kids that’s managed by their parents has doubled its user base in the first half of this year.

Greenlight, which currently offers debit cards and savings accounts, is eyeing more financial products to launch for its parent and child users

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Posted in Finance

Lenders question RBI’s loan exposure definition

MUMBAI :
Several foreign and private lenders have questioned the definition of “loan exposure” in the Reserve Bank of India’s (RBI) recent circular that bars corporate borrowers from operating multiple current accounts. While public sector banks (PSBs) stand to benefit the most from the changed regulations on current accounts announced by RBI last Thursday, foreign and private sector banks said more clarity is warranted on what constitutes a loan exposure.

“How do you define exposure? Whether it is funded or non-funded? What happens to your draft limit which is given for settlement transactions? What about forex settlement risk, whether that is defined as exposure?” asked a senior banker with a foreign bank.

RBI’s 6 August circular says borrowers with more than 50 crore exposure to the banking system need to have an escrow mechanism and only banks managing such escrow can open current accounts. Companies with less than

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Posted in Personal

Small businesses using personal funds to stay afloat during coronavirus crisis, study finds

One-third of small businesses are relying on personal funds to stay afloat during the coronavirus pandemic and subsequent economic lockdown, according to new findings published Thursday.

A CreditCards.com report found that 35 percent of small business decision-makers said either they or their businesses’ owners have used their own money to help the business survive the crisis. That includes 24 percent who say they or the owners used a personal credit card and 21 percent who tapped a personal savings account since March.

HALF OF US JOBS LOST TO VIRUS COULD BE GONE PERMANENTLY, POLL FINDS

Still, small businesses also turned to other resources during the virus outbreak: About 30 percent of respondents said they applied for and received loans through the taxpayer-funded $670 billion Paycheck Protection Program. If at

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Posted in Personal

Is It Right For You? Who Should (and Who Shouldn’t) Get The Amex Gold Card

Editor’s note: This post has been updated with the latest information.

Forbes has partnered with The Points Guy for our coverage of credit card products. Forbes and The Points Guy may receive a commission from card issuers. Some of the offers below may no longer be available.

When it comes time to apply for your first premium-ish rewards card, the American Express® Gold Card shouldn’t be ignored. In fact, TPG senior contributor Ethan Steinberg says that he’s even more loyal to his Amex Gold now during the pandemic.

Interested in more credit card news and advice from The Points Guy? Sign up for our daily newsletter.

The Gold Card has an annual fee of $250, which is effectively $30 when you factor in its monthly statement credits at select restaurants and its airline fee credit.

It has relevant bonus categories such as global dining and U.S. supermarkets, plus it earns

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Posted in Insurance

These Countries Now Require International Health Insurance for Entry

Visiting a different country has always come with entry requirements—a visa, a return ticket, or a passport with six months of validity remaining. But since the COVID-19 pandemic, countries have enacted more stringent requirements: proof you purchased international healthcare coverage.

More tourist-frequented nations than ever are requiring proof of health insurance for entry, with the island nation of Aruba even requiring visitors buy a compulsory government policy, whether or not you already have your own separate coverage. This new requirement is largely because international healthcare coverage is wholly separate from your standard health insurance (and trip-cancellation insurance), and coverage abroad is rarely included in U.S.-based health policies. Officials are seeking to protect their healthcare systems from potential costs that mount and go unpaid when visitors who become COVID-19 patients don’t have coverage.

“What frequently happens is that domestic health insurance is simply not accepted by healthcare providers outside the U.S.,”

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