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Our Bureau

Thiruvananthapuram , July 22

WITH the increasing number of accidents in the State, National Insurance Company is finding Kerala fertile ground for its traffic accident insurance policies.

Sales have zoomed in recent times in tandem with frequently reported cases of accidents and its share of injuries/casualties, said Mr M.P. Ramkumar, Senior Divisional Manager, National Insurance Company, Thiruvananthapuram.

It has been two years since the product has been launched but nowhere else has it proved such an instant hit as in Kerala.

The `Rail/Road Accident cum Hospitalisation Insurance' policy seeks to provide reimbursement of hospitalisation expenses up to a maximum of Rs 1 lakh in the event of the policyholder sustaining injuries from a road/rail accident.

In the event of death, the next of kin will have the right to claim the insured amount of Rs 1 lakh.

In case of partial disablement attributable to the accident, the insured is entitled to receive half the insured sum (Rs 50,000) as compensation.

The premium amount is Rs 165 per year. "Owners of vehicles of all types are now insisting on the accident insurance policy," Mr Ramkumar said.

On an average, 112 accidents occur in the State on a daily basis, according to the National Transportation Planning and Research Centre (Natpac), an autonomous body.

Dr T. Elangovan, Director, Natpac, said that Kerala may be home to not more than three per cent of the country's vehicular population but its share in accidents is as high as eight per cent.

The emerging scenario has prompted Natpac to even conceptualise a `Safe Road to School' project, especially since a number of these accidents take place in the vicinity of schools.

The project is aimed at reducing the risk, incidence, and severity of injuries to students who form a part of the traffic system either as pedestrians, cyclists, motorcyclists, or commuters.

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