More than 4 lakh train passengers opt for insurance cover

The railways has launched a scheme allowing a person to get an insurance cover of upto Rs 10 lakh on booking a train ticket online by paying less than one rupee.

Details:

• The facility is reserved for passengers of Indian Railways who book e-ticket, excluding suburban trains, through its official website, irrespective of the class of the ticket.
• A person booking a train ticket through the IRCTC website will be able to opt for travel insurance cover for a premium of 92 paise only.
• The cover will not be applicable for children upto 5 years of age and foreign citizens. It will be for passengers holding tickets such as confirmed, RAC and wait-listed ones.
• The scheme offers travellers/nominees/legal heirs a compensation of Rs 10 lakh in the event of death or total disabilty, Rs 7.5 lakh for partial disability, upto Rs 2 lakh for hospitalisation 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. However, no refund of the premium will be given in case of cancellation of the ticket.
• The scheme is being implemented by IRCTC in partnership with ICICI Lombard General Insurance, Royal Sundaram General Insurance and Shriram General Insurance selected through a bidding process. A total of 19 companies had participated in the bidding process and 17 were found eligible.
• The scheme is also applicable for Vikalp trains, short termination and diverted route. In case of short termination, if the passenger opts for alternate mode of transportation arranged by Railway upto the destination station, then this part of the journey of the passenger shall also be covered under the policy taken.