GIC urged to review policy on rider, owner driver

PUNE, July 19: The Kum. Rajshree Parmar Memorial Foundation has decided to file a writ petition in the Bombay High Court against the Gene...

PUNE, July 19: The Kum. Rajshree Parmar Memorial Foundation has decided to file a writ petition in the Bombay High Court against the General Insurance Corporation of India (GIC) if it does not make amends to its negligence and failure in considering the justified right of the rider of a two-wheeler and owner driver of three or four wheeler.

The foundation, a non-government organisation devoted to the mission of road safety and prevention of accidents, today issued a notice to the GIC, its four subsidiaries, Tariff Advisory Committee and the Special Secretary, Central Finance Department for correcting the injustice meted out to the two wheeler rider and three/four wheeler owner driver within 30 days, failing which it would file a public interest litigation beforethe High Court at Mumbai.

According to a statement issued by Chandmal Parmar, Foundation chairman, the GIC treats value of human life only to the tune of Rs 20,000, for finalising the death claim of a two-wheeler rider and three/four wheeler owner driver.

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The Motor Vehicle Act made it mandatory for a minimum compensation of Rs 50,000 on death and Rs 25,000 against serious injury of road accident victims, Parmar pointed out.

Despite repeated requests, the GIC and its four subsidiaries refused to increase the available insurance risk coverage of Rs 20,000 to the two wheeler rider and three/four wheeler owner driver, Parmar stated adding that comprehensive insurance made it clear that the vehicle was covered for everything including third party risk, risk of driver and passenger of vehicle.

The Foundation found it strange that the owner driver who paid a yearly premium between Rs 4,000 to Rs 8,000 for purchasing a comprehensive vehicle insurance policy was covered only for a negligible amount of Rs 20,000. In its notice, the Foundation has demanded that the GIC reconsider the whole issue and increase the insurance risk coverage.

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