Bajaj Finserv recently introduced via its lending arm Bajaj Finance Ltd ‘Mumbai Local Train Cover’, an insurance policy that provides coverage in case of accidents for local train passengers during a train journey.
Bajaj Finserv, through its lending arm Bajaj Finance Ltd – India’s most diversified Non Banking Financial Companies, launches ‘Mumbai Local Train Cover’, Local trains are the lifeline of lakhs of commuters in Mumbai and are used by approximately 8 million passengers every day, much greater than its real capacity. This results in a significant risk of accidents or other uncertainties that could derail the lives of commuters. As per the data previous year in 2018 around 3,000 passengers lost their lives due to rail-related accidents 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 year.
Insurance covers risks against events such as disability, risk of early demise, medical coverage and even risk of living too long. In addition, insurance also provides a cover against loss arising out of small events such as accidents leading to a disability or an unpredictable death caused by an accident.
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This insurance cover has couple of features and advantages. In the event of a person’s death due to an accident on a Mumbai local train, the nominees can get sum up to Rs. 1 lakh. Also, if the insured passenger suffers a disability due to injuries occurred on a Mumbai local train, he/she is covered against loss of income, with Rs. 2000 per week during the policy period. Local train passengers above 18 years of age and below 70 years are eligible for this insurance cover.
Applying to Bajaj Finserv insurance for the Mumbai Local Train Cover is very simple, fast and can be done online instantly. The customer has to just fill up the online application form on the Bajaj Finserv website and pay the premium amount through convenient payment options.
To apply, one has to visit the Bajaj Finserv website or may visit the link here without any Bajaj Finserv login.
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 also seek for more other latest innovative Pocket Insurance products across different 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 all customized to suit your desired requirements. The pocket insurance offers are only available for existing Bajaj Finserv customers.