Friday, July 29, 2011

Should Railways go in for Insurance Cover?

Should Railways go in for Insurance Cover?

Indian Railways used to have group accident policy to cover accidental deaths due to accidents.

In 2009 they stopped buying the insurance- which means they went in for option of self insurance.

Claims of the order of Rs.150 crores per year have been paid in the recent years.

Is it happening at the cost of Tax Payer’s Money?

As a Corporate Governance exercise the Railways should go in for insurance?

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