Bengaluru:(*50*) As a Deepavali present to the Karnataka State Road Transportation Corporation (KSRTC) workers, the company gifted an accident insurance scheme of Rs 50 lakh coverage. Earlier, if the workers of the Corporation died in an accident (whereas on obligation or off obligation) or suffered everlasting/partial incapacity, no massive sum of compensation was out there both to their dependents or to them. Now
KSRTC workers work day and night time for the organisation. In order to guard the curiosity of its worker’s dependents in case of demise or incapacity on account of accidents, on Wednesday, a wage bundle Insurance scheme is applied by KSRTC by getting into an MoU with State Bank of India. The Managing Director, KSRTC, V Anbu Okay Kumar and Pankaj Thapliyal, DGM, State Bank of India signed the MOU within the presence of M Chandrappa, Chairman, KSRTC. KSRTC workers wage bundle Accident Insurance Scheme having options similar to Premium free Personal Accident Insurance schemes applies to all workers of Corporation having their wage account with State Bank of India. (Currently 55% of KSRTC workers are having account with SBI). The private Insurance scheme would allow worker’s dependents a compensation of Rs.50 lakh in case of Accidental Death. In the occasion of everlasting Total incapacity to the workers, Compensation of Rs.20 lakhs and for everlasting partial incapacity Compensation of Rs.10 lakhs can be supplied.
Another distinctive function of this insurance plan is that, insurance covers private accidents occurring throughout on-duty and off-duty. Accidents requiring cosmetic surgery throughout therapy, can be supplied with Maximum Rs.10 lakh, for import of medicines most of Rs.5 lakh, further Rs 2 lakh for demise in Coma (Rs 50 lakh + Rs 2 lakh) and would allow air Ambulance service upto Rs 10 lakh. Insurance scheme contains monetary help as much as Rs. 5 lakhs for youngsters’s commencement and as much as Rs. 5 lakhs for women’ marriage in case of demise of the workers concerned in an accident.
Speaking on the event, Chairman of the Corporation, M Chandrappa, knowledgeable that this insurance scheme for the welfare of workers applied by the Corporation is an excellent scheme for the workers and their households and appreciated the co-operation rendered by the State Bank of India. The Director (P&V),Dr. Naveen Bhat Y, Chief Manager, SBI, Sarojkumar Das and different Senior officers have been current through the occasssion.
