Land Public Transport Commission (SPAD) chairman Tan Sri Syed Hamid Albar said the scheme would provide coverage for personal accident, permanent disability and death with a limit of RM100,000.
The insurance scheme for students was announced by Prime Minister Datuk Seri Najib Tun Razak during the tabling of Budget 2013 in September.
Syed Hamid said tenders have been opened and asked insurance companies to submit proposals for the insurance scheme.
“The proposal with the most reasonable rate will be chosen as the provider. When schools open on Jan 1, we hope all students will be insured against personal accidents,” he told reporters after chairing a meeting between SPAD and Bentong and Temerloh Bus Operators here yesterday.
It was attended by SPAD chief executive officer Mohd Nur Ismal Mohamed Kamal, First Coach operations manager Chong Yee Hoong, City Liner chief operating officer Basri Baharom, officials from Konsortium Transnasional Berhad and East Coast Economic Region (ECER).
Source : CLICK