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For first time, family of KSRTC driver killed in road accident to receive insurance of ₹1 crore

For first time, family of KSRTC driver killed in road accident to receive insurance of ₹1 crore

The Hindu
Friday, December 30, 2022 01:06:02 PM UTC

Earlier dependants of employees who died in road accidents used to receive compensation of ₹3 lakh and other service benefits

For the first time, the dependants of a driver of the Karnataka State Road Transport Corporation (KSRTC), who died in a road accident, will get an insurance cover of ₹1 crore.

On November 20, KSRTC driver G.S. Umesh died in a road accident while returning to the depot in Chitradurga after completing scheduled trips. Umesh had worked in the corporation for eight years. He is survived by his wife and two sons, aged three and one.

Earlier, the dependants of an employee who died in a road accident used to receive compensation of ₹3 lakh and other benefits related services. The KSRTC has a workforce of over 35,000, and a majority of the employees are drivers.

The family will receive the claim amount on December 31 from the Transport Minister and the Chairperson of the KSRTC. This is the first claim after the KSRTC recently signed agreements with a bank and an insurance company to provide insurance cover for employees. 

KSRTC Managing Director Anbu Kumar said, “We had signed agreements with two institutions in November on providing insurance cover for employees. The first claim was made after a driver died in a road accident involving our bus. The deceased employee has two small children. The monetary relief will help the dependants. Our aim is to ensure family members lead a comfortable life and children get proper education.”

The official added that apart from ₹1 crore insurance cover, the family of the driver will get other service benefits. 

KSRTC had signed an agreement with State Bank of India (SBI) for providing ₹50 lakh insurance cover in case drivers die or are severely injured in accidents (both on duty and off duty). This insurance cover has been provided without the payment of the premium amount by the employee.

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