In our country, LPG gas cylinders are being used in every house, bit it cities or villages. But most people do not know about the insurance available on it. Let me tell you that in case of any kind of accident caused by the cylinder, there can be an insurance claim of up to Rs 50 lakh in case of loss of life or property.
Insurance-Linked to the Expiry Date of the Cylinder
Let us tell you that when you buy a cylinder, it gets insured which is linked to the expiry of the cylinder. Often people buy a cylinder without checking its expiry date. In such a situation you are not entitled to claim insurance.
Be Careful about the Expiry Date of the Cylinder
Where the regulator is placed on every gas cylinder, there is a D-20 or something similar written on it. This is the expiry date of the gas cylinder. Here D-20 means that the expiry date of the gas cylinder is December 2020. After this, it can be dangerous to use gas cylinders. Such cylinders may cause gas leakage and other problems. A, B, C, and D are written on one of the three strips near the regulator at the top of the gas cylinder.
What A, B, C and D Indicates
Here A means January to March and B means April to June. Similarly, C means July to September and D means October to December. If you have bought a gas cylinder after the expiry date, then you cannot claim for the above-mentioned Insurance.
Rs 50 Lakhs Insurance Cover
There is an insurance cover of 40 lakhs in case of an accident, while Rs 50 lakhs can be claimed in case of death due to a cylinder burst. A maximum of Rs 10 lakh compensation can be given to each person who has suffered from the accident caused by the cylinder. At the same time, a maximum compensation of 6 lakh rupees is also received on the death of a person. Apart from this, a maximum of 15 lakhs is covered for the treatment of family members. An insurance claim of up to Rs 2 lakh can be claimed if there is a loss in the property.
Address needs to be Registered
The necessary condition for availing of this facility is that the compensation amount will be given only if the accident occurred at a registered residence. The address of the place of residence is required to be registered. Whoever this incident happened to, his family members will be considered under this rule.
Oil Companies bear the Cost of the Insurance Cover
The related oil companies bear the entire cost of the insurance on cylinders. The distributors of petroleum companies Indian Oil, Hindustan Petroleum and Bharat Petroleum have to get this insurance. These people have to take an insurance policy for accidents, including third-party insurance cover for customers and other properties.
Follow these steps to get the Insurance Cover
To take advantage of this insurance cover, you need to first register an FIR in the local police station. Hand over a copy of that FIR to your gas distributor. After this, your distributor will transfer the FIR to the oil company. A team from the insurance company will now come to the scene to investigate. Let me tell you, this team will decide the amount of claim by investigating and finding out the damage caused by the cylinder.
The oil company will send the claim amount to its distributor, which will then
be passed on to the person or his family members.