General insurance companies are planning to launch a new project to track fatal accidents on major highways and provide instant medical support to the victims, according to a media report.
The need for such a project comes from the fact that road accidents claim one life almost every four minutes in India. The first project will be introduced on the Hyderabad-Vijayawada expressway, after approvals from the Andhra Pradesh Government, the report added.
The Insurance Regulatory and Development Authority (IRDA) and general insurers have set aside Rs. 90 million for mapping the number of accidents in the region. The project will be carried out in collaboration with GMR Infrastructure and ‘108’ ambulance services for two years.
The need for such a project comes from the fact that road accidents claim one life almost every four minutes in India. The first project will be introduced on the Hyderabad-Vijayawada expressway, after approvals from the Andhra Pradesh Government, the report added.
The Insurance Regulatory and Development Authority (IRDA) and general insurers have set aside Rs. 90 million for mapping the number of accidents in the region. The project will be carried out in collaboration with GMR Infrastructure and ‘108’ ambulance services for two years.
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