Unique ONE CRORE Accident Relief Scheme to KSRTC employees – Karnataka State Road Transport Corporation
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Accident Insurance Scheme
Nomination
- Lakhs of lives are lost annually because of fatality due to road accidents, and the clock is ticking constantly.
- More than 75 per cent of poor households in India reported a decline in their income as a result of a road traffic crash.
- India has witnessed a total number of 4,12,432 road accidents during the calendar year 2021, claiming 1,53,972 lives and causing injuries to 3,84,448 persons.
- No lump sum of compensation was available either to their dependents or to them in case of any fatality.
Achievements
- Facilitated Corporate Salary Package (CSP) Accident Insurance Scheme with a nominal annual premium of Rs.885/-.
- Provides coverage for accidental death, permanent total disability, permanent partial disability, temporary total disability, and hospitalisation expenses.
- Dependants receives Rs 50 lakh in case of accidental death, employee receives Rs 20 lakh for permanent total disability and Rs 10 lakh for permanent partial disability.
- The scheme also covers the Cost of Plastic Surgery, Transportation of imported medicine, Air Ambulance, Higher education, Girl Child Marriage etc.,
SKOCH Award Nominee
Category: Services – State Owned Enterprise
Sub-Category: Services – State Owned Enterprise
Project: Unique ONE CRORE Accident Relief Scheme to KSRTC employees
Start Date: 2022-10-19
Organisation: Karnataka State Road Transport Corporation
Respondent: Mr V ANBUK KUMAR, MANAGING DIRECTOR
www.ksrtc.karnataka.gov.in
Level: Executive
For more information, please contact:
Mr V ANBUK KUMAR, MANAGING DIRECTOR at cpro@ksrtc.org
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