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LPG consumers are entitled to a risk cover of up to Rs 40 lakh
Hyderabad: While there have been regular incidents of domestic LPG cylinders exploding, causing loss to life and property across the state, not a single affected consumer has claimed insurance so far.
The LPG cylinder explosion in the old city few days back claimed five lives, but no one seems to be aware of the insurance cover available for domestic LPG consumers in case of such mishaps. Clearly the state government, the civil supplies department or the gas agencies do not bother to inform consumers about this benefit.
Enquiries revealed that domestic LPG consumers are entitled to a risk cover of up to Rs 40 lakh in case of loss of life or damage to property due to cylinder explosions.
Though the city has witnessed quite a few such unfortunate incidents over the years, insurance companies or gas agencies have not seen a single claim in the last 20 years. The ignorance of the consumers is a blessing for nationalised insurance firms, which are pocketing crores of rupees every year paid as premiums.
Gas agencies in the city alone have paid nearly Rs 3 crore in premiums during the last 15 years, but not a single claim has been made by any affected consumer so far.
According to the Indian Oil Corporation website, “In the event of accident all registered LPG consumers are covered under an insurance policy taken by the PSU Oil Companies. In case of an accident, the customer must immediately inform the distributor in writing. The distributor then informs the concerned oil company and the insurance company about the same.
The distributor will offer assistance to the customer in completing the formalities of insurance claims arising out of the accident. All LPG distributors also have Third Party Liability Insurance to cover losses in the event of an accident.”
Meanwhile, the HPCL website states, “All registered HP GAS consumers are insured against outcome of an accident at their registered premises due to LPG. Details are available with all the distributors and the Customer Service Cell. HPCL has also taken a Public Liability Insurance Policy.”
No claims for LPG insurance | Deccan Chronicle
Please read from this link also ( in Hindi )
[url]http://www.hp-gas.in/hp-gas/lpg-cylinders-come-with-rs-40-lakh-risk-cover.html
[/URL]
Hyderabad: While there have been regular incidents of domestic LPG cylinders exploding, causing loss to life and property across the state, not a single affected consumer has claimed insurance so far.
The LPG cylinder explosion in the old city few days back claimed five lives, but no one seems to be aware of the insurance cover available for domestic LPG consumers in case of such mishaps. Clearly the state government, the civil supplies department or the gas agencies do not bother to inform consumers about this benefit.
Enquiries revealed that domestic LPG consumers are entitled to a risk cover of up to Rs 40 lakh in case of loss of life or damage to property due to cylinder explosions.
Though the city has witnessed quite a few such unfortunate incidents over the years, insurance companies or gas agencies have not seen a single claim in the last 20 years. The ignorance of the consumers is a blessing for nationalised insurance firms, which are pocketing crores of rupees every year paid as premiums.
Gas agencies in the city alone have paid nearly Rs 3 crore in premiums during the last 15 years, but not a single claim has been made by any affected consumer so far.
According to the Indian Oil Corporation website, “In the event of accident all registered LPG consumers are covered under an insurance policy taken by the PSU Oil Companies. In case of an accident, the customer must immediately inform the distributor in writing. The distributor then informs the concerned oil company and the insurance company about the same.
The distributor will offer assistance to the customer in completing the formalities of insurance claims arising out of the accident. All LPG distributors also have Third Party Liability Insurance to cover losses in the event of an accident.”
Meanwhile, the HPCL website states, “All registered HP GAS consumers are insured against outcome of an accident at their registered premises due to LPG. Details are available with all the distributors and the Customer Service Cell. HPCL has also taken a Public Liability Insurance Policy.”
No claims for LPG insurance | Deccan Chronicle
Please read from this link also ( in Hindi )
[url]http://www.hp-gas.in/hp-gas/lpg-cylinders-come-with-rs-40-lakh-risk-cover.html
[/URL]
