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.  

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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.