That Independent Journal

  Australia will spend a record $50 million Australian ($35 million US) over the next four years to boost long-term protection and recovery of   its koala population , Prime Minister Scott Morrison’s office said in a statement on Saturday. “Koalas are one of Australia’s most loved and best-recognized icons, both here at home and across the world, and we are committed to protecting them for generations to come,” Morrison said in the statement. The fund will be used for “restoring koala habitat, improving our understanding of koala populations, supporting training in koala treatment and care, and strengthening research into koala health outcomes,” Morrison said. With the new investment, the Australian government will have dedicated $74 million Australian ($52 million US) to koalas since 2019, it added. Since 2018, about 30% of Australia’s koalas have been lost due to bushfires, drought, and land clearing for development, according to an Australian Koala Foundation statement in S...

  What is cumulative bonus? The cumulative bonus refers to a monetary benefit which is added to the insured sum at the start of each policy year. Since the bonus is cumulative — it increases for each year regardless of the fact the claim is made or not. This cumulative bonus is available for individual as well as family floater policies. Generally, insurers offer an increase of 5 to 50 percent of the original sum assured for each year. The insurance policy may specify a maximum threshold on the cumulative bonus amount. Let us understand this with an example. Suppose Ravi Kalra has an insurance policy of  ₹ 10 lakh and he gets this insurance cover during the first year. If the policy is entitled to 20 percent increase in the sum assured, the policy sum grows to  ₹ 12 lakh the following year. The next year as well — the insured amount will rise by another  ₹ 2 lakh, thus increasing the overall sum insured to  ₹ 14 lakh. “Insurance companies today offer new-ag...