Your vehicle insurance details will soon be just an SMS away

HYDERABAD, NOV. 6:  

Soon, when a traffic policeman asks for your car or bike insurance, you won't have to worry if you do not have the papers with you. A simple text message from your mobile phone will retrieve the details instantly, thanks to an IRDA initiative.

"We will be providing vehicle insurance information to all the stakeholders through Short Messaging Service (SMS) and web-based applications of the Insurance Information Bureau,'' said M. Ramaprasad, Member (Non-Life), Insurance Regulatory and Development Authority (IRDA), speaking to Business Line on Wednesday.

The beta version of the service has already been launched while the web-based application can be accessed anytime on the portal of the Insurance Information Bureau.

The database of all insured vehicles across the country is now available in digitised form and regularly updated. Until now, verification was done only by checking a hard copy of the insurance policy.

The digital service is beneficial to all the stakeholders. . "In case of an accident, victims can get to know the insurance company details if they know the number of the vehicle,'' said the IRDA official.

"We are talking to Road Transport Authorities and police in different States to share data so it will be easy to track down uninsured vehicles,'' he said. Some components of motor insurance, such as third-party insurance, are mandatory.

It would also help insurers, which sometimes have to grapple with multiple claims in damage and theft cases. This can be brought down if data on claims are available.

POLICY DATABASE

As the system will have a database of insurance claims made/honoured, cases of bad or negligent driving can be ascertained by the insurers before deciding on the premium to be charged.

IRDA is monitoring the submission of data by each underwriting office on a daily basis to ensure the smooth functioning of the system.

Govt to gift 2.5cr mobiles, 90 lakh tablets

New Delhi: In another mega scheme to woo the poor, the Centre proposes to spend Rs 9,822 crore distributing 2.5 crore mobile phones and 90 lakh tablets virtually free of cost to targeted beneficiaries over four years starting 2014-15. 

    The move is reportedly aimed at bridging the digital divide in the country. 
    The government's mobile phones will come bundled with free connection charges for two years. States will give lists for mobiles, tablets 
New Delhi: The users of the mobile phones that the Centre is planning to distribute will have to pay a one-time charge of Rs 300. They will get 30 minutes of talk time, 30 text messages and 30 Mb of data usage free per month. 
    This scheme will be restricted to the rural population.Similarly, 90 lakh tablets that will be given away to students of classes XI and XII, both in rural and urban areas, will have free data card connection for two years. The proposal has been sent to the Telecom Commission by the department of telecommunication (DoT). After it is approved by the commission, the plan will be sent to the Union Cabinet. 
    The programme will be implemented by Bharat Sanchar Nigam Ltd on behalf of the government. In the first year, 25 lakh mobile phones and 15 lakh tablets are proposed to be distributed at a cost of Rs 395 crore and Rs 772.5 crore, respectively. In the second year, the department aims to give away 50 lakh phones and 35 lakh tablets at a cost of Rs 880 crore and Rs 1,858.75 crore, respectively. In the third year, 75 lakh people will get phones at an expenditure of Rs 1,365 crore and 40 lakh students will be given free tablets at a cost of Rs 2,191.25 crore.
    In the fourth year, the free tablets program will end but will still cost the department Rs 150 crore in providing services for the data card connections. The department will spend Rs 1,850 crore in distributing the remaining handsets. 
    While the administrative and distribution charges for each mobile phone will be Rs 320, for tablets this cost will come to Rs 900. 
    In the case of tablets, the beneficiaries will get device and data connectivity for a maximum period of 2 years or his/her duration of study at school, whichever is less. The service provider will give a free package of 75 minutes talk time, 75 SMSs and 500MB data usage every month. 
    The proposal says selection of beneficiaries for the programme will be done by state governments. But they will have to meet broad guidelines fixed by the department—only one beneficiary from each family covered under MGNREGA and 30% 'open' beneficiaries for mobile phones. 
    For tablets, the government will target students of classes XI and XII studying in government schools who are not covered by other similar schemes. The list of eligible students would be provided by school authorities and authenticated by state governments. 
    Funding for the programmes will from the Universal Service Obligation Fund, which is being realized through a levy of 5% on telecom services revenues from operators. Till March 31, 2013, this kitty had nearly Rs 28,000 crore and Rs 6,500 crore was being added every year.