Mumbai Local Train Cover Alert for Travelers: This insurer is providing up to Rs 1 lakh accidental insurance
Bajaj Finserv, through its lending arm Bajaj Finance Ltd introduces ‘Mumbai Local Train Cover', an insurance policy that provides coverage in case of mishaps during a train journey.
Bajaj Finserv, through its lending arm Bajaj Finance Ltd - India’s most diversified NBFC, introduces ‘Mumbai Local Train Cover', an insurance policy that provides coverage in case of mishaps during a train journey. Local trains are the lifeline of thousands of commuters in Mumbai and are used by approximately 8 million passengers daily, much greater than its real capacity. This leads to a high risk of accidents or other unfortunate events that could derail the lives of commuters. Last year, around 3,000 people lost their lives due to rail-related mishaps in Mumbai.
With the Mumbai Local Train Cover, people can easily safeguard their local train journeys and get coverage up to Rs. 1 lakh by paying an affordable premium of just Rs. 399 per annum.
This insurance cover has several features and benefits. In the event of a person’s demise due to an accident on a Mumbai local train, the nominees can get up to Rs. 1 lakh. Also, if the insured passenger suffers a disability due to injuries sustained on a Mumbai local train, he/she is covered against loss of income, with Rs. 2000 per week during the policy period. Local train travellers above 18 years of age and below 70 years are eligible for this insurance cover.
What’s more, applying for the Mumbai Local Train Cover can be done online instantly and the process is completely hassle-free. The customer has to simply fill up the online application form on the Bajaj Finserv website and pay the premium amount through convenient payment options.
Pocket Insurance products by Bajaj Finserv help people to be prepared and stay protected against even the small uncertainties in life which can quickly add up and disrupt your budget. Customers can explore several other innovative Pocket Insurance products across categories such as lifestyle, travel, health, assistance and life. These include Holiday Cover, Trek Cover, Key Replacement Insurance, Watch Cover, Eyewear Insurance, Wallet Care and other affordable insurance policies that are tailor-made to cover your exact requirements. The pocket insurance offers are only available for existing Bajaj Finserv customers.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
Top 7 Large and Mid Cap Mutual Funds with Best SIP Returns in 5 Years: No. 1 fund has turned Rs 15,000 monthly SIP investment into Rs 20,54,384; know about others
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
04:27 PM IST