Today's Cancelled Trains
Showing posts with label death. Show all posts
Showing posts with label death. Show all posts
Tuesday, 5 September 2017
Tuesday, 8 November 2016
waitlisted
08:36
Indian Railway Travel Insurance Scheme
Indian Railway Travel Insurance Scheme
The scheme offers a compensation of Rs 10,00,000 for death or permanent total disability and Rs 7,50,000 for partial disability.
1. The scheme is optional and available for all passengers who book their ticket online.
2. The premium is 92 paise for each passenger, which is inclusive of all taxes.
3. This scheme is available for passengers holding confirmed, RAC and waitlisted tickets. However, no refund of the premium will be issued if the ticket is cancelled.
4. The scheme offers a compensation of Rs 10,00,000 for death or permanent total disability; Rs 7,50,000 for partial disability; Rs 2,00,000 for hospitalization expenses for injuries; and Rs 10,000 for transportation of mortal remains.
5. The cover is not applicable for children up to five years of age and foreign citizens, and for suburban railway travel.
Wednesday, 2 November 2016
Provident Fund
08:34
Prime Minister Narendra Modi :Provident Fund claims in cases of death set to be settled in a week
Provident Fund claims in cases of death set to be settled in a week
The Employees’ Provident Fund Organisation (EPFO) has decided to settle PF money claimed after death of an employee within seven days from 20 days at present, in the wake of concerns raised by Prime Minister Narendra Modi last week about delays in settlement of EPF claims, especially in death cases.
“All death case claims submitted by spouse or nominee or legal heirs of EPF members be invariably settled within a period of seven days from date of submission of claim form in concerned field office where the deceased members accounts are being maintained,” Central PF Commissioner VP Joy said in a circular dated October 28.
Additionally, one officer will be trained in facilitation centre and deputed to specifically look after death case claims “with proper display in this regard made on the seat or counter “Please contact for death cases” in Hindi, regional language and English.”
Top priority
The circular said that all the death case claims will be given top priority and officers-in-charge at all EPF offices will personally monitor the death cases on day-to-day basis.
At present, it takes 20 days to settle all transfers and withdrawals by employees from Employees Provident Fund, Employees’ Pension Scheme and Employees’ Deposit Linked Insurance (EDLI) schemes governed by EPFO.
“However, it is often found that documents attached with the claim form is incomplete due to which the case is referred back to the claimant and it leads to delays,” Mr. Joy told The Hindu. “But we will try to settle the claims in case of death cases even in two-three days,” he said.
Source:The Hindu
Saturday, 25 July 2015
Indian Railways decide to buy insurance cover for its passengers against possible baggage loss, and death
Indian Railways decide to buy insurance cover for its passengers against possible baggage loss, and death
New Delhi: Next time when you lose your baggage while travelling by the Indian Railways, or need to claim compensation for accident victims, you may not need to run from pillar to post and wait for years before the cheque lands at your door. The largest transport network in the world has just decided to buy insurance cover for its passengers against possible baggage loss, and death.
State-run New India Assurance is the frontrunner for a tie-up with the Indian Railway Catering and Tourism Corporation (IRCTC), a unit of the Indian Railways which runs other businesses associated with the railways.
“We are very close to finalising the deal with IRCTC,” said an executive of an insurance company. “Premium will be based on the type of coach and number of hours of journey. IRCTC will have to upgrade the IT system to start selling insurance.”
The sum assured for the personal accident cover could be in the range of Rs 5 lakh to Rs 10 lakh depending on the class of travel. The baggage loss cover would range from Rs 5,000 to Rs 20,000, said those people.
Indian Railways, which carries more than 25 million people, often faces passengers’ ire when it comes to security of their belongings with theft a fairly regular issue in some parts of the country. Also, the poor state of infrastructure has led to high rates of accidents which have also led to loss of lives. The railways, under minister Suresh Prabhu, which is focusing on customer service, will be better positioned to redress grievances with insurance cover.
But the comfort of compensation will come with a price. Passengers will have to pay small amount as premium. Under the earlier arrangement, premium cost was borne by the railways.
Private sector companies are not very enthusiastic about the cover as the pricing could be inadequate to sustain the business.
“This has not been a profitable segment for insurance companies and railways opted to go without insurance for four years,” said a senior executive of a private sector insurance company. The bit and potentia for losses is very high. Even under schemes like Pradhan Mantri Jeevan Suraksha, the scope of claims are enormous.
The government has taken initiatives to provide social security cover for nominal amount under various schemes. Pradhan Mantri Suraksha Bima Yojana is the personal accident policy for sum assured of Rs 2 lakh for a nominal amount of Rs 12 a year. Similarly, life insurance policy Pradhan Mantri Jeevan Jyoti Bima Yojana for Rs 2 lakh is available for Rs 330.
