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Essay on Importance Of Life Insurance During Covid-19

Introduction :

Life insurance has become a very important financial tool for protecting our family in our absence. Covid-19 pandemic has spread like a wild-fire across the globe. The economic and social disruption caused by this pandemic is devastating. Millions of people are at risk of falling into extreme poverty, while the number of undernourished people are continue to grow rapidly. The future is very uncertain and anyone can be ill by this virus. During such unforeseen situations, one must look at the insurance policies and insurance cover which these policies offering.

  • The cost of the treatment is so expensive in these days for most of the patients. An average person who is hospitalized in any hospital in India for 10 to 15 days can end up paying up to Rs 2 to 3 lakh.
  • Therefore life insurance is extremely crucial at this time. A life insurance can protect our family against financial instability so that they can carry on their lives with dignity and comfort.
  • It acts as an assurance from unexpected events such as terminal illness or untimely demise. Insurance can be used to settle loans and credit dues etc. We also get tax benefits up to 1.5 lakh
  • per annum under section 80C of the Income Tax Act 1961. If we look at the insurance statistics in India released by Insurance Regulatory and Development Authority of India (IRDAI) in 2017, we can find that only 328 million Indian that is only 25% of Indian population had life insurance in India.
  • The rest of the Indians who are not insured, are vulnerable to pay the expensive hospital bills when they get hospitalized and this is not good for the livelihood of any person.
  • Insurance has a number of benefits such as (1) Many insurance policies allow cashless hospitalization in which the insured person does not have to pay any money.
  • (2) The insurance company will take the responsibility of cash and all other expenses. (3) Under insurance policy, pre and post emergency expenses are covered such as doctors fees before and after a surgery or hospitalization.
  • Proactive steps should be taken by the government to educate the people about the need of having a life insurance. It is better to have a life insurance policy than spending the hard earned money during an  emergency.

Conclusion :

Government has started many initiatives such as PM Jeevan Jyoti Bima Yojna (PMJJBY), PM Jan Dhan Yojna (PMJDY) and Ayushman Bharat to encourage the masses towards insurance sector. Thought the government has done a lot in this regard but the rural areas are still facing insufficient penetration of insurance services. Hence, the government and other organizations should try to increase awareness and financial literacy so that everyone in our country can be insured and live a healthy and wealthy lifestyle.

Covid-19 Second Wave Impacts & Solution Essay

Introduction :

“Those who don’t learn from history are doomed to repeat it,” is a great statement of George Santayana, one of the great thinkers of the twentieth century. Covid-19 has proved this statement. Today, millions of people are suffering from the causes given by Covid-19 pandemic and subsequent lockdown. Many people are suffering from stress and depression due to failure of business and economic recession. The second Covid-19 wave has hit India with great ferocity. Family members, friends and colleagues are infected, hospitals are flooded with patients.

  • There is shortage of beds and ventilators for Covid 19 in most of the hospitals. There are again curfews and lockdown in the cities. In India, the number of Covid-19 infections touched its peak in September 2020.
  • Again a sudden spike in the cases has seen from April, 2021. In the second wave, the virus is spreading with the double pace as compared to the first wave.
  • Covid-19 has exposed the vulnerabilities of healthcare system and the second wave has hit it hard and thus making the situation even worse.
  • In many states there are shortage of hospital beds, oxygen supply, medicines supply and even there is no space for morgues and crematorium.
  • It clearly demonstrate the shortage of healthcare infrastructure in terms of doctors, medical equipment, healthcare workers and even hospitals.
  • The vulnerable section of the society i.e. the unorganized sector mostly who are daily wage workers, have become the victim of the second wave again.
  • India is suffering from the neat recession in these days, however in the initial months of this year, there was seen minor positive growth in the economy.
  • In the initial phrase of outbreak, most of the schools and educational institutions were closed and students are regularly facing new challenges with digital learning in India.
  • Hoarding  of oxygen cylinders, poor implement-tation of new educational policy, insufficient health infrastructure and increasing rate of unemployment are the major challenges in India.
  • Strict laws should be made against hoarding and restricting any kind of health related equipment and medications. There should be more focus on preventive measures like social distancing, wearing of mask properly and obeying lockdown.

Conclusion :

The government has announced various measures to tackle the situation from food security to extra funds for healthcare. Mass vaccination is the only safe and reliable method to end the pandemic. As majority of healthcare and frontier workers in India have already vaccinated and now registrations are opened for rest of the public. The participation of public is the key to control the second wave and everyone should follow the guidelines provided by the government to cut the chain of the Covid-19 pandemic.

Essay on Covid 19 vaccine in english

Introduction :

The Government of India has approved the Covid-19 vaccines developed by Astra-Zeneca and Bharat Biotech named Covishield and Covaxin respectively. Seeing this our PM Modi has launched the COVID-19 vaccination drive on 16th January, 2021 which can save millions of lives every year. This is the world’s largest vaccination program covering the entire country. During the launch of this drive a total of 3006 sites in all States and UTs have been virtually connected.

  • Although India don’t need to vaccinate its entire population, it just have to vaccinate at least 30 to 40% of the people.
  • It is estimated that a minimum of 1 billion doses of Covid-19 vaccines will be required for full immunization.
  • The vaccine has introduced in phrased manner. In first phrase, the vaccine is provided to healthcare workers like doctors, nurses and other medical staff both in government and private sectors.
  • Because they treat and are in close contact with those who are infected with Covid-19. Then it will be provided to police, armed forces, municipal workers and other departmental staffs.
  • In third phase, people above 50 years of age and those patient who have diabetes, hypertension and organ transplant will get the vaccine. After that, the vaccine will be given to healthy adults, teenagers and children.

Conclusion :

The central government is incurring the cost for vaccinating the core healthcare and frontier workers. For further vaccination process, the government has also developed an application named CoWIN, which will help provide real time information of vaccine stocks, storage and individualized tracking of beneficiaries for COVID-19 vaccine. The Vaccination for Covid-19 is voluntary in India. It is a safe and effective way of protecting people against this disease. Vaccines reduce risks of getting diseases by working with our body’s immune system.

 

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COVID- 19 : Changing Social Norms in India :

Introduction :

The world is facing the biggest crisis in the form of coronavirus pandemic. Almost every country has been affected by the COVID-19. Over 115 million people had been affected by COVID-19 and about 2.54 million people had died worldwide.  And indirectly billions of people have been suffering from the impact of this pandemic. As vaccines are being available now but still, the emphasis is on taking extensive precautions such as regularly washing of hands, social distancing and wearing of masks.

  • India has successfully controlled the transmission of COVID-19 by its well coordinated efforts.
  • India’s progress in pharmaceuticals and mass public awareness with the help of digital systems indeed helped in controlling the spread of this disease.
  • There are still many ways by which the COVID-19 can affect our economy, of which the disruption of supply chains is the major challenge.
  • Job loss is on the rise along with the slowdown in manufacturing and services activities in India.  
  • Millions of agricultural workers, regularly facing high levels of uncertainty, poverty, malnutrition and poor health, and suffer from a lack of safety and labour protection.
  • With low and irregular incomes and lack of social support, many of them are forced to continue working, often in unsafe conditions.
  • Further, when experiencing income losses, they may resort to negative coping strategies, such as distress sale of assets, taking loans or child labour. The lockdown has also impacted migrant workers in many ways.
  • Several of whom lost their jobs due to shutting of industries and were outside their native places wanting to get back.
  • Since then, the government has announced relief measures for them, and made arrangements like running special trains and buses to help them to return to their native places.
  • At the same time, many countries undertake new reforms to strengthen the digital economy and e-commerce not only to manage the Covid-19 pandemic but also to facilitate trade & commence.

Conclusion :

COVID-19 crisis also opens the doors of opportunities in India as we witness better healthcare both in management and facilities. New social norms have been introduced like social distancing, wearing masks, maintaining hygiene for protecting us against the Covid-19. People who are ill with Covid-19 need doses of new vaccine, which save their lives and speed up recovery. Healthcare professional should be appreciated as instead of a lot of difficulties they do their best to maintain the quality of healthcare services.

 

Social Impact of COVID-19 In India : 

Introduction :

Coronavirus (COVID-19) pandemic is a global public health concern and to combat the disease, the Government of India imposed lockdown in the country on March 24, 2020. The Government has claimed success in the fight against the coronavirus pandemic, stating that the number of cases would have been more if the nationwide lockdown had not been imposed.However, recently numbers of COVID-19 cases have increased drastically. The lockdown could also be a cause of weight gain during the COVID19 pandemic, because of poor physical activity and consumption of high calorie foods.

  • Weight gain and obesity could increase the severity of COVID-19 and may increase the risk of development of diabetes and cardiovascular diseases.
  • Social stress caused by lockdown resulting from travelling restrictions to disruption of cultural celebrations, leading to anxiety and fear among the population.
  • The impact of the pandemic is visible across the sectors globally, but its effect on marginalized sections, women and children has been immense in India.
  • As a result of the lockdown, there is increased possibility of malnutrition among the weaker section of the society.
  • The Food Corporation of India recently allotted 12.96 lakh metric tonnes of food grains under the Pradhan Mantri Garib Kalyan Anna Yojna (PMGKAY) as an initiative of the government in its fight against the COVID-19.
  • Impact of Covid-19 has been multiple and not only limited to society at large. From the perspective of the economy both rural and urban have been impacted adversely.
  • The issue of migrant workers was one of the most highlighted issue in this pandemic where millions of them become unemployed and left without money, food and shelter.
  • Everyone has seen the issues being faced by migrant workers. The migrant workers depend on daily earnings they barely have savings which they could spend during any emergency.

Conclusion :

The masses have stood by the government during this lockdown, and a great response is observed throughout the country. Yet there are certain exceptions which are a challenge. While nearly 95 per cent of the citizenry are co-operating, the rest are creating a threat to the efforts and measures to contain this pandemic and are responsible for the collapse of the whole system. The leaders should come up with solutions for the problems and not problems for the solutions. Long term planning and collective efforts of individuals, governments and health organizations is needed to fight against this virus.

Life in COVID-19 Pandemic Crisis : 

Introduction :

COVID-19 has affected our day to day life. This pandemic has affected thousands of peoples, who are either sick or are being killed due to the spread of this disease. The most common symptoms of this viral infection are fever, cold, cough, bone pain and breathing problems. This, being a new viral disease affecting people for the first time, vaccines are being available now but still, the emphasis is on taking extensive precautions such as extensive hygiene, regularly washing of hands, avoidance of face to face interaction, social distancing, and wearing of masks etc.

  • Identification of the disease at an early stage is vital to control the spread of the virus because it very rapidly spreads from person to person.
  • Most of the countries have slowed down their manufacturing of the products. The pandemic has been affecting the entire food system.
  • Trade restrictions and confinement measures have been preventing farmers from accessing markets, including for buying inputs and selling their produce, and agricultural workers from harvesting crops, thus disrupting domestic and international food supply chains and reducing access to healthy, safe and diverse diets.
  • The pandemic has impacted jobs and placed millions of livelihoods at risk. As common man lose jobs, fall ill and die, the food security and nutrition of millions of women and men are under threat, with those in low-income countries, particularly the most marginalized populations, which include small-scale farmers and indigenous peoples, being hardest hit.
  • The various industries and sectors are affected by the cause of this disease including the pharmaceuticals industry, power sector and tourism.
  • Millions of agricultural workers waged and self-employed, regularly face high levels of working poverty, malnutrition and poor health, and suffer from a lack of safety and labour protection.
  • With low and irregular incomes and lack of social support, many of them are forced to continue working, often in unsafe conditions, thus exposing themselves and their families to additional risks.
  • Further, when experiencing income losses, they may resort to negative coping strategies, such as distress sale of assets, taking loans or child labour.
  • Migrant agricultural workers are particularly vulnerable, because they face risks in their transport, working and living conditions and struggle to access support measures put in place by governments.
  • This virus creates drastic effects on the daily life of citizens, as well as on the global economy.
  • There are restrictions of travelling from one country to another country. During travelling, numbers of cases are identified positive when tested, especially when they are taking international visits.

Conclusion :

The lockdown has also impacted migrant workers, several of whom lost their jobs due to shutting of industries and were outside their native places wanting to get back.  Since then, the government has announced relief measures for migrants, and made arrangements to return to their native places. All governments, health organizations and other authorities are continuously focusing on identifying the cases affected by the COVID-19. Healthcare professional face lot of difficulties in maintaining the quality of healthcare in these days.

Impact of Corona Virus (Covid-19) On Global Economy :

Introduction :

Coronavirus disease (COVID-19) is an infectious disease caused by a coronavirus. It was first identified in Wuhan city of China in December 2019. WHO has declared Coronavirus as a public health emergency of international concern on 30th January. Due to COVID-19 population of the world is forced to live inside their home. It is just not just affecting the health of the people but also economies of all the countries of the world. WHO is working closely with global experts, governments, and other health organizations to provide advice to the countries about COVID-19. 

  • According to World Trade Organization (WTO), in terms of trade, China is the world’s largest exporter and second-largest importer of merchandise as of 2019. It accounts for 13% of world exports and 11% of world imports. 
  • Many industries of the world are depend on China for its raw material. Many factories in China are closed now, production has also stopped for the depended companies.
  • Due to slowdown in production, consumption has also declined and in this way affecting the economies of the world.
  • Tourism industry is also facing huge losses due to restriction of movement of people due to spread of coronavirus.
  • This pandemic has severe adverse effects on the employees, customers, supply chains and financial markets.
  • In brief, most probably it will cause a global economic recession. Nevertheless, due to the uncertainty of the end of this pandemic, both the length and scale of this contraction are not predictable.
  • Automobile industry is already in crisis due to the economic slowdown and now production is suffering due to disruption of supply of goods and services.
  • Global financial market is fluctuating due to the supply-chain interruptions from China. It takes a while for the world economy to recover from the contraction.
  • It seems that this pandemic will lead to a permanent shift in the world and its politics, especially in health, security, trade, employment, agriculture, manufacturing goods production and science policies.
  • Since this new world might provide great opportunities for some countries that did not dominate world production before, governments should develop new strategies to adjust the new world order without much delay.
  • For many emerging markets and developing countries, however, effective financial support and mitigation measures are particularly hard to achieve because a substantial share of employment is in informal sectors.
  • According to the report, economic activity among advanced economies is anticipated to shrink by seven per cent in 2020 as domestic demand and supply, trade and finance have been severely disrupted.

Conclusion :

The blow is hitting hardest in countries where the pandemic has been the most severe and where there is heavy reliance on global trade, tourism, commodity exports and external financing. Although it is difficult to determine the exact impact of coronavirus on the world’s economy yet it is clear the impact will be for a long time. Hope the vaccine is developed as soon as possible to prevent these losses.

 

Positive Impact of Coronavirus (covid-19) on Environment :

Introduction :

Corona virus has become worldwide disease and all nations of the world are facing it. Due to which population of the world is forced to live inside their home. Business activities in the country also affected due to corona virus. As we all know coronavirus has taken life of a lot of people all across the globe. To prevent the spread of COVD-19, governments of different nations are taking multiple steps to control the spread of this virus.

  • As far as our environment is concerned, it is enjoying the positive impact of this virus.
  • Before the start of the COVID-19 pandemic, the air around us had been deemed very toxic to breathe in due to the amount of greenhouse gases that had been emitted over the centuries.
  • The Earth faced rising temperatures, which in turn led to the melting of glaciers and rising of sea levels. Environmental degradation was happening fast due to the depletion of resources such as air, water and soil. But after the coronavirus lockdown commenced, there have been slight changes in the environment. 
  • After the lockdown was put in place in many countries, there was lesser travelling done by people, whether it be by their own cars, or by trains and flights.
  • Even industries were closed down and not allowed to function. This in turn led to the pollution in the air dropping significantly, as there was a marked decline in nitrous oxide emission.
  • Again where fish is concerned, the lockdown has seen a decline in fishing, which means that the fish biomass will increase after over-fishing almost depleted it.
  • Apart from that, animals have been spotted moving about freely where once they would not dare to go. Even sea turtles have been spotted returning to areas they once avoided to lay their eggs, all due to the lack human interference.
  • Today, when the production of almost everything is on halt and factories are no longer as active as they used to be, the emission of smoke has lessened which has resulted in clear sky.
  • Not only this, the use of vehicles on road is reduced. All this have contributed towards lowered CO2-emissions. The emission of nitrogen dioxide has also reduced.
  • Plants are growing better because there is cleaner air and water, and because yet again there is no human interference.
  • With everything at a standstill, plants are allowed to thrive and grow and produce more coverage and oxygen.
  • Less litter also means lesser clogging of river systems, which is good in the long run for the environment.
  • To combat coronavirus, companies have asked workers to work from home.
  • This has reduced vehicles on road. In addition to this, the consumption of plastic has also reduced as people no longer have tea or coffee in disposable glasses. 

Conclusion :

In this competitive era where we have to follow a hectic schedule, we have never had thought about the way we are treating the environment. However, now due to lockdown we are forced to stay at home, we have ample time to think on our actions. There is no denying the fact that coronavirus has had catastrophic impacts on mankind. However, it has surely given the environment a chance to self-heal and restore its beauty.

Impact of Coronavirus (Covid-19) on Indian Economy :

Introduction :

Corona virus is a kind of virus that affect the respiratory tract of human and other mammals. These are associated with common cold, pneumonia and other respiratory symptoms. Corona virus has become worldwide disease and all nations of the world are facing it. Due to which population of the world was forced to live inside their home. Up to 53% of businesses in the country have been affected due to corona virus outbreak.

  • Coronavirus outbreak was first reported at Wuhan in China on 31 December, 2019.  WHO is working closely with global experts, governments, and other health organisations to provide advice to the countries about precautionary and preventive measures. 
  • In terms of trade, China is the world’s largest exporter and second-largest importer. It accounts for 13% of world exports and 11% of world imports.  
  • It had impacted the Indian industry. India’s total electronic imports account for 45% of China. Around one-third of machinery that India purchases from the world come from China and around 90% of mobile phones come from China.
  • Therefore, we can say that due to the current outbreak of coronavirus, the import dependence on China will have a significant impact on the Indian industry.
  • A large number of farmers around the country are also facing uncertainty.
  • Various businesses such as hotels and airlines are cutting salaries and laying off employees. Major companies operating in India have temporarily suspended or reduced operations.
  • According to the survey, COVID-19 is having a ‘deep impact’ on Indian businesses, over the coming month’s jobs are at high risk because firms are looking for some reduction in manpower.
  • Further, it is added that already COVID-19 crisis has caused an unprecedented collapse in economic activities over the last few weeks. 
  • The present situation is having a “high to very high” level impact on their business according to almost 72 per cent respondents.
  • Further, 70 per cent of the surveyed firms are expecting a degrowth sales in the fiscal year 2020-21.
  • Due to weak domestic consumption and consumer sentiment, there can be a delay in investment which further add pressure on the growth.

Conclusion :

We can’t ignore that post-COVID-19, some economies are expected to adopt de-risking strategies and shift their manufacturing bases from China. World Bank and credit rating agencies have downgraded India’s growth for 2021, however, the International Monetary Fund projection for India for the financial year 2021-22 of 1.9% GDP growth is the highest among G-20 nations.

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Abhilash Kumar

The author Abhilash Kumar

Abhilash Kumar is the founder of “Studyguru Pathshala” brand & its products, i.e. YouTube, Books, PDF eBooks etc. He is one of the most successful bloggers in India. He is the author of India’s the best seller “Descriptive Book”. As a social activist, he has distributed his books to millions of deprived and needy students.

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