CURRENT AFFAIRS

Detailed explanation-1: -Shanai Ghosh, Executive Director and CEO of Edelweiss General Insurance shared her views on SWITCH with Telematics Wire. She graduated with mathematics honors from St Stephen’s College Delhi and did her PG diploma in management from IIM Bangalore.

Detailed explanation-2: -In 2022, the company launched SWITCH, India’s first mobile telematics based, on-demand motor insurance product. The policy is an app that shows customers the savings that is accumulating because of good driving for every drive.

Detailed explanation-3: -New India Assurance (NIA) Launches ‘Pay As You Drive’ Vehicle Insurance Policy. Irdai has recently allowed insurance companies to launch telematics-based motor insurance covers, like PAYD, enabling car owners to decide how much to spend on insurance.

Detailed explanation-4: -ICICI Lombard General Insurance Company In its network, you have over 7800 cashless garages where you can avail of cashless claim settlement services. This is the highest among all car insurers in India.