A sum received by a person under a mediclaim policy cannot be deducted from the compensation amount payable to the claimant for medical expenses under provisions of the Motor Vehicles Act, the Bombay High Court has said. The amount under a mediclaim policy is received in view of a contract entered into by the claimant with the insurance company, a full bench of Justices A. S Chandurkar, Milind Jadhav and Gauri Godse said in its judgement on March 28.

Imagine planning a road trip. Initially, you’re the driver, using a paper map (traditional insurance operations). Then, GPS enters the scene, giving you directions (AI-Gen – automation and AI-generated insights). But soon, self-driving cars take over, not just guiding you but making real-time decisions based on traffic, weather, and even your favorite coffee stops (Agentic AI – autonomous decision-making). That’s the journey AI is taking in the insurance world.

Rs 20,000 crore, a staggering figure! According to a CloudSek report, India (check if it is corporate losses or personal or both put together) could face this much of loss current year because of cybercrime. That cybercrime has reached another level as these days cybercriminals have started using sophisticated AI tools, which gives them power to multiply. India could face a whopping 1 trillion cyberattacks by 2033 unless businesses do more manage risk.