Page 41 - Insurance Times April 2019

Y Non-fare paying passengers. able only for private cars and two wheeler) in addition to
the Compulsory Excess. (Compulsory Excess is the amount
3. Bi-fuel Kit:The CNG-LPG bifuel kit can also be covered
by paying additional premium. of loss which the insured has to bear in each and every
claim.)
4. IMT 23 Cover for lamps, tyres/tubes, mudguards, bon-
net / side parts, bumpers, headlights and paint works Automobile Association Membership:You can also avail
For a nominal, extra premium, our Policy will also cover additional discount if you are a member of a recognized
you on all the above mentioned vehicle parts. Automobile Association in India (available only for private
cars and two wheelers).
5. Overturning:We also provide cover for overturning
damages in mobile cranes/ drillings rigs/ mobile Anti-theft Devices:In case you have installed an ARAI ap-
plants/ excavators/ navvies/ shovels/ grabs and rippers proved anti-theft device in your vehicle, you are eligible for
at an additional premium. a discount of 2.5 % on the OD Premium to a maximum of
Rs. 500/- for four-wheelers and Rs 50/- for two-wheelers.
Discounts Available
Exclusions
In our constant endeavour to provide you with the best
services, we also offer you a host of discounts on your Y Normal wear, tear and general ageing of the vehicle.
Commercial Motor Policy. Y Depreciation or any consequential loss.
Y Mechanical / electrical breakdown.
No Claim Bonus:If you do not make a claim during the
Y Vehicle being used otherwise than in accordance with
Policy period, a No Claim Bonus (NCB) is offered on renew- limitations as to use.
als. This discount can go as high as 50%. (NCB will only be
Y Damage to / by a person driving the vehicle without a
allowed provided the Policy is renewed within 90 days of
the expiry date of the previous policy). valid license.
Y Damage to / by a person driving the vehicle under the
Other Discounts: influence of drugs or liquor.
Voluntary Excess Discount:A further discount on the pre- Y Drunk driving.
mium is available if you opt for a Voluntary Excess (avail- Y Loss / damage due to war, mutiny or nuclear risk.

Continued from page 34

The new age initiatives such as home healthcare, In this session, the panellists discussed strategies that can
telemedicine and remote care uses lesser resources and define the growth of the sector in Health Insurance 2.0. The
infrastructure and with use of technology they provide a discussions focussed on the potential of growth in the
new set of data points which were not available earlier. industry that is already moving beyond mere hospitalization
coverage to more comprehensive policies that promote
Session -4 Growth 2.0: New Markets,
wellness and preventive care. The new opportunities of
Products getting first time buyers to buy health insurance by
Dr Narottam Puri, Advisor, FICCI Health Services Committee; innovating the emerging segments like dental, mental
Board Member & Former Chairman, NABH; Advisor - health, outpatient, cosmetic, AIDs etc. were discussed.
Medical Operations Fortis Healthcare and Chairman, Fortis Apart from these, to generate impetus, the need of the
Medical Council chaired the session. industry to strategize on simplifying the processes for buying

Mr Ashok Kakkar, Chair, FICCI Swastha Bharat Task Force and renewing as well as invest in market expansion by
and Senior Managing Director, Varian Medical Systems increasing awareness through communication platforms
International India, Ms Malti Jaswal, Senior Consultant, similar to "Mutual Fund - Sahihain!".
World Bank, Mr Kapil Mehta, Co-Founder, SecureNow The panellists further highlighted the need of customised
Insurance Broker, Ms Smita Bhosale, Head, Market Insights, and inexpensive product for the Indian market. The
Marico and Ms Anuradha Sriram, Chief Actuary, Aditya Birla learnings from FMCG industry to cater the lower income
Health Insurance formed the panel. group population were shared.

The Insurance Times, April 2019 41