Accident insurance cover for KSRTC commuters

Reserved passengers of Kerala State Road Transport Corporation (KSRTC) will get an insurance cover of Rs.5 lakh and unreserved passengers Rs.1 lakh under a group personal accident insurance scheme to be implemented by the Kerala transport utility soon.

KSRTC Bus

Hospitalisation with injuries will fetch a maximum of Rs. 50,000 for reserved commuters and Rs. 15,000 for unreserved passengers. Treatment as outpatient will fetch a maximum of Rs. 10,000 for reserved commuters and Rs. 3,000 for unreserved commuters. A hospitalisation allowance of Rs. 500 a day will be paid for a maximum of seven days for reserved commuters.

Under the Children Education Welfare Fund, a sum of Rs. 10,000 will be given for each child (limited to two children) if their dependent parent gets killed in accident. Loss of baggage of reserved persons will fetch a maximum of Rs. 3,000.

New India Assurance Company Ltd. will execute the scheme and the KSRTC has to pay Rs. 3.28 crore as insurance premium for the first year. The government has given the nod and the authority to the Chairman and Managing Director of KSRTC to enter into an agreement, transport department sources told The Hindu .

Student passengers and KSRTC staff with valid pass are eligible for insurance coverage. Passengers below five years of age, even if they are ticketless, are eligible for coverage. New-born babies have also been included.

The KSRTC carries five-lakh commuters daily in its fleet of 5,973 buses that operates 5,988 schedules.

The limit of liability has been fixed at Rs.2 crore for any one accident irrespective of the number of vehicles involved in one accident. For any one year, it will be Rs.25 crore irrespective of the number of accidents.

Curated from: Accident insurance cover for KSRTC commuters

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