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The Hindu

National

The Hindu Bureau

KSRTC distributes ₹1 crore accident relief cheques to dependents of deceased employees

KSRTC Insurance Karnataka

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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