Pakistan Railways to Insure its Employees
Lahore: The administration of Pakistan railways have decided to insure its employees for any accidental death. The agreement took place between Pakistan Railways and Pakistan Post.
The contractual agreement with Pakistan Postal Life Insurance has been formulated. The senior management of Pakistan Railways were present while finalizing the details of contract.
The minimum disbursement amount for on-job death of employee has been raised from 45 thousand to 400 thousands.
The amount of premium for lower scale employees will be borne by the Pakistan Railways itself while the senior offices will have to pay a certain amount from their pay towards insurance.
It is necessary to mention here that the Pakistan Railway have managed to insure all the passengers and pays a handsome amount to the passenger’s family in case of accident while on board.