21
Mar
Amid persistent safety risks across India despite rising investments, Bandhan Life has introduced a new add-on insurance cover aimed at strengthening financial protection for families in case of accidental deaths. The company’s Linked Enhanced Accidental Death Benefit (ADB) Rider offers coverage of up to ₹3 crore, targeting risks such as train and air accidents, stampedes, and fires at large gatherings. India has significantly increased spending on safety, with Indian Railways’ safety budget rising from ₹39,463 crore in 2013–14 to ₹1,16,470 crore in 2025–26, while consequential train accidents dropped sharply. However, risks remain substantial, with NCRB data showing 21,803 deaths in…
