Announced in railway budget 2016-17, the travel insurance scheme for the passengers has been launched by the Indian Railways. Under the new scheme, railway is providing an insurance cover of Rs. 10 Lakh at a premium of mere 92 Paise.
The premium can be paid while booking a ticket from irctc website. The insurance is however optional, it is up to you to opt for the insurance cover.
The facility is available to all those booking e-tickets and traveling by passenger trains except suburban trains. The facility is available irrespective of the class. The insurance cover would not be applicable to children below 5 years of age and foreign citizens.
The scheme will be applicable for passengers holding confirmed, RAC or wait listed ticket.
Under the scheme, the insurance company would pay the nominee a sum of Rs. 10 Lakh in case of death or total disability. 7.5 Lakh in case of partial disability, upto Rs 2 lakh for hospitalization expenses and Rs 10,000 for transportation of mortal remains from the place of a train accident or where an untoward incident, including terrorist attack, dacoity, rioting, shootout or arson, occurs.
The premium will not be refunded in case of cancellation of the ticket.SAVE AS PDF