The Buyt Desk
If you use an LPG connection at home then did you know that your gas connection comes with a mandatory insurance cover. All the oil marketing companies such as Indian Oil Corporation(IOC), Hindustan Petroleum Corporation(HPCL) and Bharat Petroleum Corporation provide a group insurance cover to all the LPG gas users. This includes an accident insurance cover of Rs 6 lakh apart from a medical expenses coverage of Rs 2 lakh.
Free of cost Insurance cover
This is known as ‘Public Liability Policy for Oil Industries’ and is given to protect consumers against unprecedented LPG-related accidents. As per the Ministry of Petroleum and Natural Gas this a free cover provided by the companies to its consumers. The cost of the premium is paid by the oil companies and consumers don’t have to pay an extra penny.
Insurance Cover
The LPG user gets coverage of Rs 6 lakh in case of loss of life due to an LPG cylinder related accident. Other than the life cover it also covers medical expenses of up to Rs 30 lakh per family with a maximum of Rs 2 lakh per person. The policy also covers property damage of up to a maximum of Rs 2 lakh per event if the customer’s registered premises have been damaged.
How to file the claim
You must inform the LPG dealer at the earliest after the mishap. The mode of communication should be in written format. The affected party don’t have to talk to any insurance company. They just have to ensure that the dealer has been informed. Next is the dealer’s responsibility to reach out to the concerned oil marketing company and the insurer. There will be a process of verification for which you have to fill out the claim forms. The processing of the claim will take around 15-20 working days. The claim is directly credited to the bank account of the user or the next of kin.
