Finance

The number of insurance claims related to treatment for COVID-19 rose to 40 per cent of the total health insurance claims in September, according to an analysis. Based on its analysis of industry data, insurance aggregator Policybazaar.com said “most people filing the claim for COVID-19 treatment are senior citizens of age group 60 years and more, followed by people in the age bracket of 41-45 years”. In September, the insurance aggregator said COVID-19-related claims accounted for 40 per cent of the total health insurance claims. It has been steadily increasing from…

Nearly half of large-cap funds, over half of equity linked saving schemes (ELSS) and over three-fourths of composite bond funds have underperformed their respective indices in the year to June 2020, a report said on Thursday. The latest S&P Indices Versus Active (SPIVA) compared the performance of actively managed Indian mutual funds with their respective benchmark indices over one, three, five and ten-year investment horizons. The study found that for the one-year period ending June 2020, 48.39 per cent of Indian equity large-cap funds, 59.52 per cent of the ELSS funds…

October 21, 2020 5 min readOpinions expressed by Entrepreneur contributors are their own. Customer champions are a tremendous asset for any organization. In most cases, people are far more interested in reading about your customers’ experiences than straight marketing materials. Customers are more relatable, and they’re more credible, too. People want to hear from their peers before they buy your product or service. This “social proof” is the power that guides decision-making at sites like Yelp and Amazon.  Related: Are You Sitting on a Customer Retention Goldmine? Why customer champions are exceptionally powerful  Trust is a critical plank in…

In addition to price discounts and freebies, developers are also trying to entice prospective buyers this festive season by offering deferred payment plans. In markets like the Delhi-National Capital Region, they are also offering porting schemes to buyers stuck in stalled projects. While these schemes do appear enticing at first sight, and may well be beneficial, buyers need to understand their risks and then make a considered decision. Deferred payment plans Developers are advertising 10:90 and 20:80 kind of schemes heavily this season. The buyer makes a small upfront payment of … Key stories on business-standard.com…

Emerging-market stocks are on the cusp of reaching their highest level since 2018, and all they need may be more evidence of further growth in China, stable earnings and signs of more dollar weakness to take them there. The MSCI Emerging Markets Index has gained more than 50 per cent since reaching this year’s low in March. At 1,137.75, it’s less than 15 points away from surpassing this year’s peak reached in January, and eclipsing that level would take the benchmark to highest since mid-2018. Strength in Chinese equities — the biggest component on the equity…

October 20, 2020 4 min readDisclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. If you run a business that sells anything—whether it’s home appliances, web design, hand-knit sweaters, pool cleaning, books, dance lessons, you name it—one of the most important things you have to do is generate leads, convert them into actual customers, and then keep them coming back for more. However, when you’re busy with all the other things…

Voters across the United States are casting ballots in what’s likely to be the most expensive election in the country’s history, projected by the Center for Responsive Politics to cost US$10.8 billion. But despite record-breaking spending by the campaigns and the possibility of a once-in-a-century surge in turnout, voter participation in the U.S. is comparatively underwhelming. Only 55.7 percent of eligible voters participated in the last presidential election, below recent voter turnouts in other countries (for example, 66 percent in Mexico, 76 percent in Israel, and 87 percent in Belgium). That means about 100 million U.S. citizens did not exercise…

Biscuit maker Mrs Bectors Food Specialities has filed draft papers with markets regulator Sebi to raise Rs 550 crore through an initial share-sale. The IPO comprises fresh issuance of shares worth Rs 50 crore and offer of sale to the tune of Rs 500 crore by existing shareholders, according to the draft red herring prospectus (DRHP) filed with Sebi. Linus Private Limited, Mabel Private Limited , GW Confectionery Pte Ltd and GW Crown Pte Ltd will be offering stocks in the initial share-sale. Net proceeds of the issue would…