GIC in the News for April, 2024

Hit & Run claims: In house processing by GI Council
Wednesday 03 April, 2024
GI Council has been handling Hit & Run claims From FY – 2022 -2023 i.e 1.4.2022. The Claims before 1.4.2022 are being processed by the New India Assurance Company Limited. GI Council has received 3000 claims out of which 2000 claims have been settled during the year 2023-34.

Govt launches pilot programme for cashless treatment of road accident victims
Sunday 14 April, 2024
The Central government is launching a pilot programme to provide cashless treatment to the victims of road accidents in order to reduce the number of deaths caused by motor vehicles, according to an official statement issued on Thursday.

Embracing Diversity: The Path to Inclusive Insurance Solutions for Disabilities
Thursday 11 April, 2024
On World Autism Awareness Day, our hearts and minds are united in a global embrace of understanding and acceptance for those within the autism spectrum. This day not only shines a light on autism but also opens a window to a broader, heartfelt conversation about inclusivity for all Persons with Disabilities (PWD). As we build a more accepting, accessible and inclusive world, the significance of tailored insurance policies emerges as a beacon of support, ensuring that individuals facing disabilities are not just seen but also secured and supported.

Embracing Health: A Journey from General Wellness to Diabetes Care
Sunday 14 April, 2024
In the big picture of life, where every heartbeat plays a part in our well-being symphony, our daily choices and habits create a fascinating story. There lies a profound connection between our choices, general health, and the path that leads us to the realm of conditions like diabetes. This journey starts by exploring overall health before diving into the specific details of living with diabetes.

Navigating Indias Modernizing Roads
Friday 12 April, 2024
As India's road infrastructure undergoes a transformative change with the construction of world-class highways like the Samruddhi Mahamarg and the Delhi-Mumbai Expressway, it is crucial for drivers to prioritize tyre health, adopt safe driving practices, and secure comprehensive insurance coverage with tyre protection add-ons.

Bribery in empanelment of hospital in Health Insurance
Saturday 13 April, 2024
In the complex landscape of the insurance industry, where trust and ethical conduct are paramount, any hint of impropriety can have far-reaching consequences. Recently, we've observed instances within our industry where there are concerns about bribery and unethical practices related to hospital empanelment by employees/third parties with the intention to gain undue amount. We believe it's crucial to address this issue and emphasize our commitment to fair and responsible business practices. Bribery, especially in the context of empanelment, raises serious legal and ethical concerns. It not only jeopardizes the individual involved but also places the entire organization in a precarious position.

Debunking Seven Common Myths in General Insurance
Sunday 14 April, 2024
General insurance holds immense significance in providing individuals and businesses with financial protection and peace of mind, covering a broad spectrum of risks and unforeseen events, from accidents to property damage, from vehicle damage expenses to health care expenses, and from legal liabilities to loss due to cybercrime. However, despite its undeniable significance, some myths & misconceptions prevent individuals from purchasing an insurance policy.

Frauds A threat to Policy Servicing
Sunday 14 April, 2024
Insurance Companies are committed towards protecting the interests of policyholders. They are responsible for maintenance of adequate reserves and required solvency to continue to serve the policyholders. Further, it is important for insurance companies to maintain loss ratios within acceptable levels. This enables insurance companies to provide seamless service and guarantee seamless services to policyholders.

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