KSRTC distributes ₹1 crore accident relief cheques to dependents of deceased employees
The Hindu
Karnataka Minister Reddy handed out ₹1 crore accident relief insurance cheques to families of deceased employees. KSRTC implemented unique scheme offering ₹1 crore coverage for on/off-duty accidental death. Premium-free insurance of ₹50 lakhs from SBI & additional ₹50 lakhs from United India Insurance with ₹885 annual premium.
Karnataka Transport and Muzrai Minister Ramalinga Reddy on July 15 handed over ₹1 crore accident relief insurance cheques to the dependents of the deceased employees.
“KSRTC has taken a pioneering step by implementing a unique accident insurance scheme, offering a coverage of ₹ 1 crore for its employees in the event of on-duty and off-duty accidental death, a significant initiative in its labor welfare,” a release by KSRTC stated.
The scheme comprises a premium-free insurance of ₹50 lakhs from the State Bank of India and an additional insurance coverage of ₹50 lakhs from United India Insurance, with employees paying an annual premium of ₹885.
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