Very few people know that he has an insurance policy, that too for a total of 50 lakhs. Actually common people get an insurance cover along with bringing cooking gas to their home. The amazing thing is that you do not have to pay a single premium for this.
Do you know you have an insurance policy? That too for a total of 50 lakhs. Yes, very few people know that by bringing LPG in their house, they get an insurance cover. The amazing thing is that you do not have to pay a single premium for this.
Get insured for the policy as soon as you take gas connection
Actually, in view of accidents due to LPG gas used in homes, this cover is given to all LPG consumers. LPG (Liquefied Petroleum Gas) has been used in Indian homes for decades. Government subsidy has a big contribution in this. However, sometimes due to a slight mistake, it proves to be very destructive. In the event of such an accident, the beneficiary of the insurance can claim it. All the registered consumers are given the facility of insurance cover in case of accident due to gas cylinder at the registered residence. You get insured for this policy as soon as you get the gas connection.
According to news website goodreturns.in, oil marketing companies and LPG cylinder distributors have opted for third party insurance to cover customers against death and damages caused by these LPG cylinders bursting or leaking. In addition, the PSU Oil Marketing Companies (HPCL, BPCL and IOCL) also opt for the ‘Public Liability Policy for All Industries’.
No premium to be paid
Since these policies are not taken in the name of individual LPG customers, the consumers are not even required to pay premium for this insurance policy. All customers can approach their local gas agency/distributor to claim the same, if required.
Who compensates the common man for the accident?
Accidents like fire and explosion are common in the country due to the explosion of gas cylinders. Covering this, an accident cover of 40 to 50 lakh rupees is available on LPG cylinder from the government. In this, financial assistance is provided in case of accidents like gas leakage or blast from LPG cylinder. Petroleum companies have a partnership with insurance companies for this insurance. On getting information about the accident, your distributor informs the oil company and the insurance company about it. Oil companies like Indian Oil, HPCL, BPCL bear the entire cost of insurance on accident due to cylinder.
How to claim for insurance in case of an accident?
In case of an accident, the victim has to inform the distributor and the nearest police station as soon as possible. Medical receipt, hospital bill, postmortem report and death certificate etc. will have to be presented in case of death along with a copy of the FIR registered in the police station for the claim. Here the consumer does not need to directly apply for the claim or contact the insurance company for financial help. It is the oil company that files your claim and gives you compensation.
The complete process of insurance amount and claim can be seen on this link of mylpg.in. Click
If the property/house of the customer is damaged in the accident, then an insurance claim of up to Rs 2 lakh is available for it. Only the person in whose name the cylinder is named gets the insurance amount. You cannot make anyone a nominee in this policy. The benefit of the claim is available only to those people whose cylinder pipe, stove and regulator are of ISI mark. Apart from this, do check the expiry date while taking the cylinder. It is linked to insurance.
