LPG cylinders come with R 40 lakh risk cover

While most us know how to avoid accidents, few know that we have Rs. 40 lakh risk cover in case of damage due to cylinder explosion!

In fact, companies have not seen a single insurance claim from Jaipur in years. Given the level of awareness, it’s not a surprise.

Customers unaware Most homemakers were completely shocked when DNA told them about the insurance cover available on LPG cylinders. “I never knew that such damages could be claimed from the gas agency,” said Varsha Singh.

Leave alone simple homemakers, even well-read professionals seem to have little clue of this “hidden benefit”. “I did not know that we get insurance in case an LPG cylinder explodes. 

The staff at the gas agency never informed me,” said Amit Agarwal, a chartered accountant who recently got a gas connection.

Ignorance pays only the insurers Every month, nationalised insurance companies get lakhs of rupees as premium and this amount increases constantly with an ever rising number of ignorant consumers, each of whom are covered in part by the Oriental Insurance Company and the gas agency concerned.

“We received Rs26 lakh as monthly premium from a single gas agency in Jaipur, a city which has more than 400 gas agencies,” an agency owner said.

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4 Comments on “LPG cylinders come with R 40 lakh risk cover”

  1. Joseph says:

    Gas Agency always supply expiry date cylinders. If we check with them they start arguing with us.
    Until and unless we have our law very strict, indian citizens will be suffering like this even though they are eligible for tons of benefits.
    Govt of India should have a proper publication about this policy. As a citizen i was really not aware of this particular benefit. Today i came to know through one of my friends email.
    I request to circulate these kind of informations to your friends network and educate our people.

  2. […] LPG cylinders come with R 40 lakh risk cover (consumerresources.in) […]

  3. Sir,
    My husband damage 40% by LPG Cylender leakage in forunt of pipe on 19th December,2012
    My Neighbours help me immediately and hospitalised my husband. we are General personal.
    so pl co operate me and ask your procedure me,How claimed this.

    Vijaya Tantak
    Vadodara
    Gujarat

  4. Ravi says:

    Mrs Vijaya I will recommend that you first go to a Consumer Guidance cell and let them know.


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