The business of motor insurance In all countries across the globe, motor insurance constitutes around 60% of business of all insurance companies. The public interest element is still relevant, even as global markets bring private players in the insurance sector. The objective of optimizing benefits for persons who are most vulnerable in motor accidents could never be in doubt. It directs a focus on what ’third parties’ shall secure. Among this category are victims of hit and run cases, where the offending vehicles causing death or personal injuries are not traced or when the driver of the offending vehicle does not possess a valid driving license or when there is no valid policy of insurance at all and the Insurance Company finds a ground to disown liability. The Motor Vehicles Act 1988 (MV Act) does address the claims of victims of hit and run cases and of cases where the drivers do not have effective valid driving licences, but not substantially. The Act gives no relief except agai...
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Summer ’09 – Dharamshala (June 03 to 08) It is refreshing always to break free from the routine and what better way is there to find freedom for the soul and body than to visit new places. I am no adept person at planning but these days at my age and standing at the society, there are persons around, who are overly anxious that my creature comforts are reasonably well attended to. It was a long journey over 280 kms from Chandigarh to Dharamshala. We struck anchor at Chintapurni temple in the first fringe of the Himalayan range, after about 4 hours of drive. The temple is decked at the ‘fourth floor’ and it almost seemed like visiting an apartment house reaching the temple through a lift taking you vertically up from the ground floor. There is also steep climb to the temple that one could do by foot . The temple is dedicated to Mata Chintpurni and located in the Una district. The deity has derived such a name from the idol of goddess Durga in the temple, which is without a head. Acco...