Page 27 - The Insurance Times November 2025

insurancepe: Series

Safety Perspectives -

The Greatest

Happiness of

Dr K. Rajagopal Reddy
Greatest Number PhD, FIII, FCII (UK), FLMI (US), FT

Chartered Insurance Practitioner
Topspot Insurance Broking Pvt. Ltd.

The salvage dealer has many things to pay for, many expenses such as transportation, electricity,
rent, employee salaries, machinery, and more. Hence, the salvage dealer would certainly offer a
daily prayer: 'Dear God, please bless me with at least 50 salvage cases today and every day'. He
wants 50 accident cases every day! There is no harm in his prayer. It is perfectly logical on his
part to pray.

T his morning, I was exploring the possibility of cess or who is awarded the tender. The highest bidder in
the tender will obviously be awarded the contract. The ten-
becoming God. Can I become God? Why not be-
come the God? What is wrong if I were to be-
der could be annual or for more period I.e., two or five
come the God? The desire to become God is not
a disease but is God complex, a psychological state charac- years! It is between those two parties.
terized by sense of superiority and an exaggerated self-im- Let us further assume, for the sake of this example, that in
age, linked to narcissistic personality disorder (NPD). I do the Telangana region Truthful Insurance Company has at
not find anything that can deter me from becoming Him. least 100 salvage cases a year. Let us assume that in order
Hence, I am the God! I am Him! This talk of God in an in- to secure the tender, the salvage company paid Rs.
surance article is crazy! Read on, you will find it otherwise. 50,00,000 towards the costs / fees. In other words, this
Then I realized that, since I am God, I must try to under- salvage company will have to get at least 100 salvage cases
stand and look into the minds of the people who are con- a year from the insurance company. Only then would they
cerned with the insurance, safety and patent. be in a position to earn Rs. 50,00,000 and profit thereon.
Given an opportunity, the salvage dealer would pray for at
least 500 salvage cases from Truthful Insurance Company,
The Salvage Dealer's Perspective:
as against the investment of Rs. 50,00,000. The salvage
The first person / entity that comes to my mind are the dealer's aim is to make a good profit. Otherwise, why would
salvage companies or the salvage dealers. Usually, insurance they be interested in this business? Nobody wants a loss-
companies select a salvage dealer based on a strict tender- making business.
ing process. For instance, let us consider one "Truthful In-
surance Company" in Telangana state. All accident vehicles The salvage dealer has many things to pay for, many ex-
within the state of Telangana will automatically be given to penses such as transportation, electricity, rent, employee
the salvage dealer who is approved in the tendering pro- salaries, machinery, and more. Hence, the salvage dealer

The Insurance Times November 2025 25