ISLAMABAD: Pakistan Railways (PR) has announced to provide insurance cover to its employees and passengers, while an agreement has already been signed between PR and the Postal Life Insurance (PLI).
According to a Ministry of Railways official, there is a compensation of Rs800,000 in case of death of a passenger, Rs50,000 to Rs300,000 in case of an injury or disability. He said that under the agreement it will not only cover railway passengers holding a valid ticket but also railway employees either on duty or travelling on any train anywhere in the country. The insurance claim will be settled within 21 days while payment will be made in 45 days, he said.
The agreement will remain in force for three years and could be extended for another two years, he said, adding that a life insurance plan for all railways employees was being worked out. It may be mentioned that Pakistan Railways is the largest federal government department, functioning under the administrative control of the Ministry of Railways.
