Archive · 22 Aug 2025
KSRTC Increases Family Welfare Compensation to ₹20 Lakh
KSRTC, a transportation company, is giving more money to the families of employees who die.
If an employee dies from a sickness like a heart attack, their family will now get ₹20 lakh.
This includes money from KSRTC and the State Bank of India (SBI).
KSRTC is increasing the amount from ₹10 lakh to ₹14 lakh and SBI is adding ₹6 lakh.
This is to help families financially when they lose a loved one.
If an employee dies in an accident, their family already gets a much larger amount, ₹1 crore.
The company says this is to support their workers and their families.
KSRTC increased family welfare compensation to ₹20 lakh.
Compensation for deaths due to non-accidental causes has been revised to ₹14 lakh.
SBI is partnering with KSRTC to provide an additional ₹6 lakh.
The new compensation applies to deaths from medical conditions.
The KSRTC already provides ₹1 crore compensation for accidental deaths.
- Who
- KSRTC, SBI, and families of KSRTC employees.
- What
- KSRTC enhanced financial support for employee families.
- When
- Effective September 1, 2025, with previous changes from October 1, 2023.
- Where
- Bengaluru, India.
- Why
- To provide financial security to families of employees in difficult times.
- New Compensation Amount
- ₹20 lakh
- Non-Accidental Death Compensation (KSRTC)
- ₹14 lakh
- Non-Accidental Death Benefit (SBI)
- ₹6 lakh
- Accidental Death Compensation
- ₹1 crore
- Previous Compensation (before Oct 1, 2023)
- ₹3 lakh
- Employees affected
- KSRTC employees