Summary
Last year, Life Insurance Corporation (LIC) of India, a government-owned insurance company, paid a whopping Rs16.46 crore in the city towards 294 road accident claims. A road safety audit could have reduced this payout while saving many lives, says a case study by Visveswaraya National Institute of Technology (VNIT), Nagpur.
The case study by VS Landge, professor with VNIT’s transportation engineering section of civil engineering department, mulls whether insurance companies can play a major role by funding road safety audits.
Traffic department data from 2018-19 financial year shows 1,672 accidents occurred in the city killing 333 p......