Mumbai, May 17: Bajaj Finserv Friday said it has launched a specialised insurance cover for passengers travelling in local trains in country's financial capital Mumbai.

The travellers will get an insurance cover of Rs 1 lakh against a payment of Rs 399 per annum, an official statement said. All Mumbai Locals Should Be 15-Coach Trains, Capacity to Rise 25%: Piyush Goyal.

The 'Mumbai Local Train Cover' insurance policy was introduced through lending arm Bajaj Finance, and will provide coverage in case of mishap during a train journey, it said.

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