Page 41 - Insurance Times March 2016 Sample
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Q. In the present Construction Industry Scenario allowed by political considerations. Engineers and
with acute shortage of skilled resources, has planners alone shall play the role.
IEI planned any special measures? We are taking active part in ‘Make in India’ Cam-
Ans: In the diversified nature of level of development in paign, ‘Smart Cities Project’ and various other
the country, the engineers have to work from con- schemes of Government to play an active role to
struction of rural roads to manufacturing of space- build world class structures.
ship to Mars. And both are equally important for
the accelerating development of the country. There Q. Instances of Earthquake are increasing and
is no scope to undermine the skill and knowledge of many regions in India are highly prone to
the engineering graduates of our country. It is a earthquake. Our existing infrastructure may
matter of pride that Indian engineers, whether they not sustain high intensity earthquakes. What
are working in the country or outside, are a force
role do you think Engineers can play to be
to reckon with globally.
better prepared?
However, that does not mean that pursuit for self-
enrichment will not be perceived. To produce more Ans: Engineers are playing an active role in creating
awareness and developing skilled engineers for con-
and more engineering and technical personnel from
structing Earthquake proof structures. In big com-
India to take on the global challenges IEI has joined
plexes these rules are followed invariably. But still,
the Skill India initiative of Narendra Modi vision to
since we are sitting on Earthquake prone zone a
create a pool of skilled engineers and technicians.
major disaster can have severe and long term im-
Q. Recent flood in Chennai and other natural
pact. We must be prepared for it. More awareness
disasters has exposed the loopholes in town in the construction industry about Risk and Disaster
planning, unplanned construction and lack of Management will help to reduce the impact and
Government policy. IEI can play a construc- intensity of disaster.
tive role at the highest level by advising Q. With increasing competition and client
policymakers to follow required guidelines. awareness, Engineers face the risk of Pro-
Share your views on this. fessional Liability. Have your Institution made
any efforts to create awareness among
Ans: Yes, the flood in Chennai has exposed the loopholes members to protect themselves.
in our town planning and lack of concrete policy
towards planned development of cities. Chennai
disaster must act as a warning to the politicians Ans: Right now we have not planned anything in this
that technocrats can alone make the plan for sus- area but it is a good suggestion and we shall work
tained development and no short cut should be upon it.
Impact of Rail Budget on Travel Insurance
By Mr. M Ravichandran, President - Insurance, TATA AIG General Insurance
"The announcement made at the Railway Budget is highly appreciated by Tata AIG. Presently the Indian domestic travel
insurance market is about 8 -10 percent of the total travel insurance market of INR 500 cr. Of the
current domestic travel insurance market the major chuck is generated from the airline sector.
Hence, this move will only help to increase the penetration of travel insurance in India, through the
railway sector.
People using the rail route to travel to various destinations in India are equally susceptible to acci-
dents and other problems, similar to any kind of long distance travel by any other mode of transport.
Hence taking a travel insurance while booking a rail journey would highly benefit rail travelers. As a
General Insurance company we at Tata AIG are already offering Domestic Travel Insurance products for Rail and Air
passengers travelling within India and our policy offers coverage for trip cancellation, accidental death, accidental medi-
cal expenses, accommodation charges due to trip delay and emergency medical evacuation benefits."
The Insurance Times, March 2016 41
