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Meezan Bank ratings upgraded - Newspaper


KARACHI: VIS Credit Rating Company Ltd has upgraded the entity ratings of Meezan Bank Ltd to ‘AAA/A-1+’ from ‘AA+/A-1+’. The outlook on the assigned ratings is stable, said a press release.
The medium- to long-term rating of ‘AAA’ denotes highest credit quality, with negligible risk factors, being only slightly more than for risk-free debt of Government of Pakistan (GoP).
The short-term rating of ‘A-1+’ denotes highest certainty of timely payment, liquidity factors are outstanding and safety is just below risk-free short-term obligations of GoP.
Finnish Fund to invest in TPL Insurance
TPL Insurance Ltd, a subsidiary of TPL Corp Ltd, on Thursday announced that Finnish Fund for Industrial Cooperation Ltd Finnfund, a major development financier and impact investor, has entered into a letter of intent with it. ....

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Lack of data no excuse for homecare hospital cover


Lack of data no excuse for homecare hospital cover
​ Sun, Jun 27 2021 10:42 IST
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Unnao victim off ventilator support, condition improves. Image Source: IANS News
Chennai, June 27 : Two decades after opening up the insurance sector in India on the promise of innovative products, industry officials complain on lack of data for domiciliary hospitalisation cover suggested by their sectoral regulator.
The Indian insurance regulator IRDAI has allowed non-life insurers to offer homecare/domiciliary treatment or treatment at home as an add on cover afresh or to their existing policies.
In a circular to all non-life insurers including standalone health insurers, the Insurance Regulatory and Development Authority of India (IRDAI) has said companies have to file their products with it, if home treatment is offered as an add-on cover. ....

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