UPSRTC hikes Re one fare to give Rs 5 lakh accidental insurance to Roadways bus passengers in UP

UPSRTC hikes Re one fare to give Rs 5 lakh accidental insurance to Roadways bus passengers in UP

25_11_2014-bus-upsrtcLucknow,Aug 6 - In a new measure , Uttar Pradesh State Road Transport Corporation (UPSRTC)has hiked the fare of Roadways buses by Re one for providing Rs 5 lakh accident insurance cover. Officials sources here today said this scheme will be run by UP Roadways and no private or insurance company will be a part of it. UP Roadways bus fare hike by Re 1 will guarantee Rs 5 lakh accident insurance to passengers. The scheme was given a nod looking at the benefit it would get for UP transport department. Just a Rupee hike in the fare would get Rs 44 crore annually for UP Roadways. Moreover, currently at least 160 passengers die in bus road accidents for which the UP government is likely to shell out Rs 10 crore to the kins of the deceased. However with this scheme, going by the figures, even after providing compensation of Rs 5 lakh compensation to accident victims' families the government will save Rs 34 crore.

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