PR, PLI ink agreement for insurance of passengers
Railways Minister says agreement is for 3-years and likely to be extended for next 2-years.
Pakistan Railways has signed an agreement with the Postal Life Insurance for insurance of the passengers.
The agreement was signed by Pakistan Railways' General Manager Operations Javed Anwar Bubak and Postal Life Insurance General Manager Nasir Hassan in Lahore on Saturday.
Railways Minister Khawaja Saad Rafique was also present on the occasion.
Addressing the signing ceremony, Khawaja Saad Rafique said, the agreement is initially for three years but can be extended for next two years.
He said, under the agreement payment of claims would be made in forty five days.
The Minister said Pakistan Railway also plans life insurance for all its employees.
Postal Life Insurance General Manager Nasir Hassan said in case of death eight hundred thousand rupees and in case of injured three hundred thousand rupees would be given as insurance.