MAM
PepsiCo India’s Shivakumar says collaboration will be the key to growth
MUMBAI: “One needs to look at brands which will help each other grow as well as benefit the industry…”
This was the message conveyed by PepsiCo India chairman and CEO D Shivakumar to a large gathering of who’s who of the industry on Wednesday, as he took them through the highs and lows of marketing, media and advertising in 2013 and indulged in crystal gazing to see what holds for the communication fraternity in 2014.
In the coming years, Shivakumar sees a conflict between independent growth and dependent growth among agencies as well as brands.
Giving the example of telecom, Shivakumar said, “Telecom would not have been what it is today if Airtel would not have collaborated with Nokia or Vodafone with Samsung. “
Apart from all this, the industry is all about innovation wherein size doesn’t matter but all depends on how fast a company is in responding to consumers.
As the industry waited for the leader with ‘fighter’s instinct’ to share his views at the IAA organised event called ‘Retrospect and Prospects’, Shivakumar stepped on to the stage and made it clear it is more about paying tribute to the city (Mumbai) which has taught him a lot and that he will wrap up within 60 minutes.
He started with how the city and the people he met here have helped him grow in his career and went on to touch upon various aspects which affect the industry starting with how last year saw the emerging markets slowing down and how it devalued the currency.
Not indulging much in the negatives, he highlighted how 2013 was the defining year for the digital space. “The smart phone which gives the power of internet in every person’s hand has opened up the whole world of opportunities for them. It has empowered women and youth,” he said while pointing out how a billion phones were sold last year and this year will see many more being sold.
People using internet through mobile phone is much higher than through fixed internet, globally, hence, he urged marketers to shift their media strategies. With that note, he estimated that the year 2014 will see the world media industry spending $505 billion.
The general elections in India will play a major role in deciding which way the country and the various sectors will head. Shivakumar said in the coming months India will see about Rs 1,000 crore being spent on advertising by political parties, 2.5 times higher than what was spent in 2009.
The year will also see a shift in the manner the money will be spent. The shift will be in favour of the digital medium wherein 10 to 15 per cent will be spent on the platform as the first time voters (160 million) are on social media.
Shiv believes that regional markets play an important role as regional languages are driving growth in the number of TV channels. The same stands true for print as well. “We are a hyper fighting market and can never be satisfied with just a couple of choices. But with so much proliferation, it is time to collaborate?” he questioned the audience.
He then added how TV has been a major contributor in unearthing talent in the country. With too many dance, singing, etc reality shows gracing our television sets only shows the potential this wonder has, he said.
Maybe that is the reason behind the company (PepsiCo) launching its channel with MTV to help budding talent get a platform to showcase talent.
For brands which depend on celebrities, one needs to understand how social media has changed the equation and how brands as well as celebs need to help each other reach high numbers (likes and followers) on social media platforms.
Many drivers assume basic coverage is just a formality until an accident involving someone else brings legal notices, compensation claims, and unexpected financial pressure. At that point, the real importance of car insurance becomes clear. A single road incident can quickly create obligations that are difficult to manage alone.
In this blog, you will learn how third-party online cover supports legal safety, what it includes, and why securing it online is a smart first step.
Why Third-Party Insurance is Legally Mandatory
Indian motor law requires vehicles used on public roads to carry third-party liability cover. The intent is to protect the public by ensuring there is a recognised route for compensation when a vehicle causes harm to others.
If a vehicle is driven without this cover, penalties can apply, and the owner may have to pay the compensation amount personally if legal liability is decided against them. This helps ensure that people who suffer loss are not left without support.
How Third-Party Online Insurance Works
When third party car insurance is purchased online, the proposer shares vehicle and personal details, pays the premium, and receives the policy document in digital form. The cover applies during the policy period and provides legal liability protection for others arising from the use of the insured vehicle.
If an incident leads to a claim, the process usually involves reporting, submitting required papers, and following the steps set by the authority handling the matter.
What is Covered Under Third-Party Insurance?
This cover is designed to pay for losses suffered by others when legal liability is established. The response depends on the policy terms, the evidence, and the decision made during the claim proceedings.
Bodily Injury to Third Party
If someone else is injured in an accident involving the insured vehicle, the policy can cover the insured person’s legal liability. Compensation is assessed using medical records and other supporting documents, along with findings on responsibility. Payment is made based on the final compensation amount decided in the case, as per the policy terms.
Property Damage
If another person’s property is damaged, the policy can respond to the insured person’s liability for that loss, within the limit mentioned in the policy. The amount is generally based on documents that support ownership and the assessed repair or replacement cost. Timely reporting and clear paperwork can reduce delays in assessment.
Legal Support During Claim Proceedings
Third-party claims can involve notices, hearings, and filings because they focus on legal liability. Under the policy terms, the insurer may assist in organising documents and managing parts of the defence process through appointed representatives. This can support orderly communication and reduce missed deadlines.
What is Not Covered
Third-party cover is narrow, so some common expenses are excluded. These exclusions are common, but the exact details depend on the policy terms.
● Damage to the insured vehicle is not covered, including repair costs.
● Loss or damage to the insured person’s belongings is not covered.
● Injury cover for the owner-driver or passengers is typically separate.
● Claims linked to use that breaches policy terms may not be payable.
● Contractual promises beyond legal liability are generally not included unless stated.
Why Buying Online Strengthens Legal Safety
Buying online does not change legal duties, but it can make compliance easier to maintain and easier to prove. Digital records also support clarity if cover dates are questioned after an incident.
● Digital issuance can reduce the risk of an accidental gap in cover.
● A stored e-policy can be retrieved quickly when proof is requested.
● Receipts and time stamps help confirm when the policy was active.
● Online renewals can support timely payment and avoid lapsed cover.
● Clear documents make limits and required steps easier to understand.
Conclusion
Third-party liability cover is a direct step towards legal protection because it covers losses suffered by others when a vehicle causes harm. It supports compliance and reduces the risk of penalties for uninsured driving. Buying online can help keep policy documents, dates, and receipts easy to retrieve during checks and claim proceedings. When the cover’s scope and exclusions are understood in advance, it becomes easier to stay compliant, prepared, and confident on the road.
