Page 56 - Insurance Times August 2018

Glossary Poll Do you think Govt. should use LIC as
Yes cash cow
No
Can’t say Results of Poll in our July 2018 Issue

Do you think digital technology will take over
brick and mortar insurance

Contractual Liability You may send your views to : Yes 75
Liability coverage of an insured who has No 25
assumed the legal liability of another Poll Contest, The Insurance Times Can’t say 00
party by written or oral contract.
Includes a contractual liability policy 25/1, Baranashi Ghosh Street, Kolkata - 700 007
providing coverage for all obligations Phone : 2269 6035, 2218 4184, 4007 8428
and liabilities incurred by a service Email: insurance.kolkata@gmail.com
contract provider under the terms of
service contracts issued by the provider. India's poor health facilities may be a big roadblock for
Ayushman Bharat Scheme
Convertible Term Insurance Policy
An insurance policy that can be Under the flagship health insurance scheme Prime Minister Mr Modi plans to
converted into permanent insurance reach out to 40 crore people before the 2019 elections. Government agen-
without a medical assessment. The cies are busy in finalising the strategy for implementation of the scheme. The
insurer is required to renew the policy agencies are working hard to empanel the hospitals and insurance compa-
regardless of the health of the insured nies in time for its launch. The scheme aims to cover the poorest 40 percent
subject to policy conditions. in a country where a 2017 World Health Organisation report found spending
on health pushed more than 52 million people below the poverty line.
Coordination of Benefits (COB)
Provision to eliminate over insurance The successful rollout of the scheme before 2019 elections could be a big boost
and establish a prompt and orderly to the government. Although beneficiaries have been identified and the IT
claims payment system when a person infrastructure has been put in place, the involvement of hospitals - public and
is covered by more than one group private - and insurance companies was still to be finalized, said Indu Bhushan,
insurance and/or group service plan. chief executive officer of the government's project. "If we have to provide
services to such a large number of people, we can't do it without the private
sector," Bhushan said. "We don't have that kind of healthcare capacity in the
government sector," he said, adding he was hopeful the program would be
ready by India's Independence Day.

EXPERT OF TEXTILE & OTHER INDUSTRY CLAIMS

Leeds Univ. U.K. qualified with vast Industry Exposure in Europe & Indian Mills, Insurance surveyor, Chartered Engineer
for Import / Export Certification & Insurance Claim Arbitrator.

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Solvent Extraction, Cement, Leather, Boiler, Construction Machinery, Solar Plants & Wind Mill, Cold Storage, Malls,
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Providing survey & expert Tech. Opinion assistance in Fire, DOS, Spoilage, Marine-cargo transit damage, Engg., MB,
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-: CONTACT :-
Er. N. C. MITTAL, FIE
Insurance Surveyor & Loss Assessor,
Chartered Engineer & Arbitrator (MICA)
21 Narain Bazar, 10-Lalbagh, Lucknow-226001
Mobile: 09415020798, Email: ncmgeneralinsurance@gmail.com

56 The Insurance Times, August 2018