Free insurance cover of Rs 50 lakh is available on accidents due to gas cylinders

 Free insurance cover of Rs 50 lakh is available on accidents due to gas cylinders

A maximum compensation of Rs 10 lakh can be given to each victim in an accident

A maximum of Rs 15 lakh is covered for the treatment of family members

In our country, LPG gas cylinders are being used at home not only in cities but also in villages. But most people do not know about the insurance they get. According to the information available on the website of the gas companies, an insurance claim of Rs 50 lakh can be made in case of loss of life or property in any kind of accident due to this insurance cover cylinder. Today we are telling you about this insurance cover.

Get cover up to Rs 50 lakh

There is an insurance cover of Rs 40 lakh in case of an accident, while Rs 50 lakh can be done in case of death due to cylinder rupture. A maximum compensation of Rs 10 lakh can be given to each victim in an accident. Also, maximum compensation of Rs. 6 lakh (per person) is given on death of a person. In addition, a maximum of Rs 15 lakh (per 1 lakh person) is covered for the treatment of family members. Insurance up to Rs 2 lakh can be claimed in case of loss of property.

The cylinder is insured at the time of purchase

The cylinder is insured at the time of purchase which is related to the expiry of the cylinder. People always buy a cylinder without checking the expiry date. In such a case you are not entitled to claim for insurance.

Observe the expiry date of the cylinder

Every gas cylinder where the regulator is fitted has D-20 or something similar written on it. This is the expiration date of the gas cylinder. D-20 here means that the expiry date of the cylinder is December 2020. Then there is the risk of using a gas cylinder. Such a cylinder can cause gas leakage and other problems. A, B, C, D are written on one of the three bars of the regulator at the top of the gas cylinder.

The gas company distributes each letter every 3 months. Here too A means January to March and B means April to June. Similarly, C means July to September and D means October to December. If you buy a gas cylinder after the expiry date, you cannot make a claim on it.

This is also necessary to take insurance cover

The condition for availing this facility is that the compensation amount will be given only if an accident has occurred at the registered residence. Address of place of residence must be registered. The family of the person with whom the incident happened will be covered under this rule.

The entire cost of insurance is borne by the respective oil companies

The entire cost of insurance on the cylinder is borne by the respective oil companies. In fact, the distributors of petroleum companies Indian Oil, Hindustan Petroleum and Bharat Petroleum will have to take out this insurance.

This whole process of getting the sum insured

First registered an FIR at the local police station

Give a copy of the FIR to your gas distributor

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Your distributor will transfer the FIR to the oil company

Now a team from the insurance company will come to the scene for investigation

The team will investigate and determine the amount of the claim by knowing how much damage has been done to the cylinder

The oil company will send the claim amount to its distributor, which will then be passed on to the customer or his family members.