Pay Re. 1, get insurance cover for train travel

Updated - July 28, 2016 11:54 am IST - New Delhi:

Train passengers booking their tickets online through the IRCTC website will be able to opt for travel insurance cover from September for a premium of just one rupee. The scheme offers travellers or their families compensation of up to Rs. 10 lakh in the event of death or permanent total disability, Rs. 7.5 lakh for permanent partial disability, up to Rs. 2 lakh for hospitalisation expenses, said a senior IRCTC official.

The new facility will be available for all passengers of Railways who book the e-ticket, excluding suburban trains, through its website, irrespective of the class of the ticket, on a trial basis.

The scheme is being implemented by IRCTC in partnership with ICICI Lombard General Insurance, Royal Sundaram and Shriram General. A total of 19 companies participated in the bidding process out of which these three were selected, he said.

The three companies selected will get the insurance policy on a rotation basis from an automated system. IRCTC has engaged the providers for a period of one year, with the provision of extending the contract on a performance basis.

Train accident and untoward incident cases will be as per definition under Sections 123 read with Sections 124 and 124A of the Railways Act, 1989.The insurance cover is uniform for all classes and the option available through a checkbox at the time of e-ticket booking. The premium amount will be automatically added to the ticket fare if the passenger opts for insurance. After the ticket booking and payment of premium, a message shall be displayed to complete the nomination details, which are necessary to settle the claims on timely basis.

Checking the option will make the coverage mandatory for all passengers booked under that PNR number and the premium charged accordingly. Users wanting coverage for children below five years of age will need to furnish details of the child at the time of booking and accordingly travel insurance premium will be added to the total amount payable.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.