LPG Cylinder is Covered With Rs40 Lacs Insurance At Your Home. Monthly Rs26 Lac Premium by A Gas Agency

   Way back in 2003, Hindustan Petroleum Corp Ltd on Thursday announced a Rs 15 lakh insurance scheme for its domestic cooking gas (LPG) users to cover for loss of life and injuries due to an accident with an LPG cylinder.

Over the years, the amount has increased to Rs40lacs/-. The dealers have to pay the premium to the insurance companies.

However, due to NIL awareness levels, no claims are lodged against Domestic LPG explosions.

According to IOC Ltd Citizen Charter, the IOC distributor will offer assistance to the consumer in completing the formalities of insurance claims arising out of the accident.

HPCL website states all registered HP GAS consumers (having valid SV) are insured against outcome of an accident at their registered premises due to LPG. Details are available with all the distributors and Customer Service Cell In addition, HPCL has also taken a PublicLiability Insurance Policy.

Valid SV stands for Valid Subscription Voucher.

The following are few simple tips:

01) Check with your LPG distributor on the requisites for a valid insurance claim.

02)Use only Original accessories which are ISI approved.

03)Request your dealer to do the maintenance check every year.

04)Preserve the maintenance check receipt.

05)In case of death due to explosion of gas cylinder, the victim has to appeal in the court demanding compensation

06)Insurance agents said it is very easy to get the claim — informs cops and gas agency, wait for survey by insurance officials and soon you will get the claim amount.

We Indian citizens have to create awareness amongst ourselves. No gas company or insurance company will create awareness. The main challenge in claiming the insurance amount is that the evidence has to be preserved till the survey by insurance officials. In majority of the households, the scene of accident is immediately cleaned up, so that the routine life can go on

Citizen Charter of Indian Oil Corporation Limited   On Marketing of Petroleum Products In the event of accident

All registered LPG consumers are covered under an insurance policy taken by the PSU Oil

Companies.

In case of the unfortunate event of an accident, the customer must immediately inform the

distributor in writing. The distributor then informs the concerned Oil Company and the

Insurance Company about the same. The distributor will offer assistance to the customer

in completing the formalities of insurance claims arising out of the accident.

In addition to the above, all LPG distributors also have Third Party Liability Insurance to cover

losses in the event of an LPG accident.

Customer Obligations

Customers must abide by the terms and conditions under which the LPG connection

has been released to them. These are printed on the reverse of Subscription Voucher

and contained in the undertaking submitted at the time of release of the connection.

 Customer must adopt safe practices while using LPG.

 Customers must not accept LPG cylinders from source/persons other than the LPG

distributor with whom they are registered.

Customers are not permitted to exchange with others or loan to others, the cylinders /

DPR given to them as this creates possibility for a spurious cylinder / DPR finding its way

into the system. 

Rs 26 Lacs Monthly Premium By A Gas

 Agency for Cyclinder Insurance

While most us know how to avoid accidents, few know that we have Rs. 40 lakh risk cover in case of damage due to cylinder explosion!

In fact, companies have not seen a single insurance claim from Jaipur in years. Given the level of awareness, it’s not a surprise.

Customers unaware Most homemakers were completely shocked when DNA told them about the insurance cover available on LPG cylinders. “I never knew that such damages could be claimed from the gas agency,” said Varsha Singh.

Leave alone simple homemakers, even well-read professionals seem to have little clue of this “hidden benefit”. “I did not know that we get insurance in case an LPG cylinder explodes. 

The staff at the gas agency never informed me,” said Amit Agarwal, a chartered accountant who recently got a gas connection.

Ignorance pays only the insurers Every month, nationalized insurance companies get lakhs of rupees as premium and this amount increases constantly with an ever rising number of ignorant consumers, each of whom are covered in part by the Oriental Insurance Company and the gas agency concerned.

“We received Rs26 lakh as monthly premium from a single gas agency in Jaipur, a city which has more than 400 gas agencies,” an agency owner said.

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