Page 3 - Insurance Times April 2020
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D  ES
                                                                                                   A C E D   R U  IN PUBLICATION
                                                                                                 O
              The                                                                                    YEARS
                                                                                                 F
                                                                                                     SINCE 1981
                                                                                                DEDICATED SERVICE
                                                                                                      TO   T  O I T A N   E H  N
               Insurance Times
                                                               Vol. XXXX, No. 04, April 2020 ISSN - 0971 - 4480


                                                              Editor-in-Chief’s Desk
                      Editor          Associate Editor
                      CA Rakesh Agarwal  Shyam Agarwal
                      M.Com (BIM),        M.Com (BIM),
                      FCA, DISA, LLB, FIII,  ACA,  DISA,
                      PGJMC, MBA, FRMAI, PhD  FIII, PGJMC                   Ram Gopal Agarwala
                                                                                  B.Com, LLB, FCA.
             Editorial Advisory Board
             Dr. B. K. Jha
             Prof. (Dr.) Abhijeet K. Chattoraj                Covid-19  one  of  the  greatest  epidemic  of  all  times  has
                                                              caused one of the biggest disruption in the human history.
             Resident Editors
                                                              There has been a series of epidemics over centuries but no
             Dr. K. L. Madhok, Gurgaon                        one was so strong to put the entire world under its feet,
             Vazir Ahmed Khan, Secunderabad                   stop the economic activities, kill lakhs of people, put almost
             V. K. Agarwal, Agra
             R. K. Sharma, Jaipur                             entire world in home quarantine and what not.
             Shaik Gulam Afzal Biya Bani, Saudi Arabia        And  the  worst  part  is  we  do  not  have  any  vaccine,  no
             C. K.Bhatia, Delhi                               treatment and don't know when this agony will end. People
             Ganesh Iyer, Mumbai
                                                              are really suffering from this.
             R. Venugopal, Bangalore
             Jaswanth Singh G , Mysore                        The whole economy is standstill and it will have cumulative
                                                              effect on economy as a whole. As it was said world has
                                                              become a global village. It is this concept that has caused
             Correspondence Address                           the most destruction.
             25/1, Baranashi Ghosh Street, Kolkata - 700 007, India
             Phone : 91-33-2218 4184/2269 6035                Risk Managers were caught napping and they could not
             Website : www.sashipublications.com
             Portal : www.bimabazaar.com                      anticipate the fallout of the pandemic. It should be a good
             E-mail : insurance.kolkata@gmail.com             lesson for them to prepare for any such situation in future.
             Registered Office                                IRDAI issued some guidelines for claim payment for health
             31/1, Sadananda Road, Kolkata - 700 026, India   and  life  insurance  policies.    It  could  have  been  more
             Customer Help Line                               proactive to address the concern of business enterprises
                                                              where they did not have any answer whether if premises
             For non receipts/any other query please contact
             E-mail : sashipublications@yahoo.com             remains unoccupied what would be the fate of coverage.
             Phone : 033-40078428, 40078429
                                                              Life  Insurance  Industry  has  seen  a  decline  of  32%  in
             Single Copy  `85/-                               business. It may continue in near future also. Though the
             Annual Subscription : `990/- (Ordinary Mail)
             `1340/- (Regd.) Foreign air mail US$ 125         health  insurance  market  may  see  an  upsurge  as  people
                                                              would realize the importance of health insurance but still,
             Payment may be made online by NEFT/ Credit card online  now the first priority of people would be to save money for
             or by cheque / DD favouring Sashi Publications Pvt. Ltd.
                                                              crisis situation rather than investing in insurance.
                                                              Tough times for all business activity ahead and this will also
                                                              impact the general insurance business. And this will have a
                                                              ripple effect on the whole economy.
                                                              With the current situation in sight it does not seems that
             Publisher Sushil Kumar Agarwala, 31/1, Sadananda Road, P.S. Kalighat,  the situation is going to improve in coming days. The only
             Kolkata - 700 026, India.
             Printed by Satyajug Employee Co Operative Industrial Ltd,   solution  I  think  is  to  learn  to  live  with  corona  and  take
             13, Prafulla Sarkar Street, Kolkata - 700 072.   utmost protection for safety of all.


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