Pakistan Railways Invites Tenders From Insurance Firms


News: Pakistan Railways (PR) is inviting tenders from insurance companies for its proposed insurance policy for passengers and train staff. According to the terms of the scheme, compensation of PKR1mn (US$10,092) will be paid to a deceased passenger/employee's family, while PKR200,000 (US$2,018.41) and PKR50,000 (US$504.60) will be paid to passengers with severe and minor injuries, respectively. Each passenger will be charged an insurance fee of PKR0.32.

This article is tagged to:
Sector: Insurance
Geography: Pakistan