Author name: Imesh Devinda

Force Majeure! Insurance and COVID

The trending talk in the Life Insurance and Health Insurance industry is the “Force Majeure” clause. All insurances come with certain clauses. Some general ones are Insurable Interest, Indemnity, Subrogation, etc. There are hundreds of special clauses that are attached to a policy, and these may vary across different types of policies; For example, Marine Insurance might have clauses which might be very different from Life Insurance.

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Empty Soccer Stadium

COVID-19, Sports and Entertainment

Coronavirus outbreak has been labeled as Global Pandemic by WHO. After the spread of the virus, life is slowly coming to a halt and along with it much of the economy. For instance, the annual global GDP is projected to drop at 2.4% in 2020 as a whole. It has hit many Countries and Industries in a disastrous manner. Industries such as Tech, Entertainment, Insurance, Travel & Tourism, Retail & ECommerce and Sports are worst affected. One such Industry which has tragic loss is Sports.

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If it’s Finance, it has to start with Compounding!

When I asked one of my friends If given a choice between taking one crore rupees or 1 rupee that doubles every day or the next 30 days, which would you choose? Those of you who haven’t heard about this might decide to take 1 crore today, many would choose instant gratification which is a normal emotional reaction that any human would have, and the same was with my friend he chose one crore. When I showed him the math of what happens to 1 rupee over 30 days, he was astonished.

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