Free LPG Insurance Cover in India: What You Need to Know
LPG cylinders are widely used in India for cooking purposes, and almost every household has at least one cylinder. However, did you know that when you take a gas connection, you also get free insurance coverage of up to Rs. 50 lakh? This is called LPG insurance cover, and it provides compensation for any loss of life or property due to gas cylinder accidents. In this article, we will discuss the details of LPG insurance coverage and the conditions that need to be fulfilled to claim the insurance amount.
What is LPG Insurance Cover?
LPG insurance cover is a free insurance scheme provided by petroleum companies to their customers. It is a part of the pre-contract between the oil companies and the insurance providers, and it provides accidental insurance of up to Rs. 40 lakh and life insurance of up to Rs. 50 lakh to the person in whose name the cylinder is registered.
How to Avail LPG Insurance Cover?
When you take a gas connection, you automatically become eligible for LPG insurance coverage. However, to avail of the insurance, you need to fulfill certain conditions.
Conditions for Availing LPG Insurance Cover
- The cylinder pipe, stove, and regulator should be of ISI mark.
- You should get regular check-ups of the cylinder and stove.
- The accident should be reported to the distributor and police station within 30 days of the incident.
- You need to have all the necessary documents, including an FIR copy, medical receipt, hospital bill, post-mortem report, and death certificate.
- Only the person in whose name the cylinder is registered can claim the insurance amount.
- The insurance amount is linked to the expiry date of the cylinder, which is indicated by a code written on the upper side of the cylinder. The code includes letters A, B, C, or D, which denote the month of expiry, and numbers 24, 25, 26, or 27, which denote the year of expiry.
How to Claim LPG Insurance Cover?
If an accident occurs, you need to follow the following steps to claim the insurance amount:
- Report the accident to the distributor and police station within 30 days of the incident.
- Submit all the necessary documents, including FIR copy, medical receipt, hospital bill, post-mortem report, and death certificate, to the distributor.
- The distributor will inform the oil company and the insurance company about the accident.
- The insurance company will investigate the accident and verify the documents.
- If the insurance claim is approved, the insurance amount will be credited to the account of the person in whose name the cylinder is registered.
Conclusion
LPG insurance cover is a free insurance scheme provided by petroleum companies to their customers. It provides accidental insurance of up to Rs. 40 lakh and life insurance of up to Rs. 50 lakh to the person in whose name the cylinder is registered. However, to claim the insurance amount, certain conditions need to be fulfilled. It is essential to keep the cylinder and stove in good condition and report any accident to the distributor and police station within 30 days of the incident. Moreover, only the person whose name the cylinder is registered can claim the insurance amount, and the insurance amount is linked to the expiry date of the cylinder.
