Train passengers to get insurance for just Re 1!

The premium amount will be automatically added to the ticket fare if the passenger opts for insurance. 

In a bid to make train travel more passenger friendly, the IRCTC will offer an insurance cover for passengers from September for a premium of just Re 1.

Passengers booking their tickets on the Indian Railway Catering and Tourism Corporation website will be able to avail this facility.

Those who book the e-ticket through its official website, irrespective of the class of the ticket, on a trial basis will benefit from this new scheme.  

The scheme offers travelers 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 and Rs 10,000 for transportation of mortal remains in the event of death or injury from a train accident or other ‘untoward incident’ including terrorist attacks, dacoity, rioting, shoot-out or arson, as well as for short termination, diverted route and Vikalp trains, says a IRCTC release.

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.

The passenger will have to provide his/her email id mandatorily for receipt of e-copy of the insurance policy.

They will also receive confirmation as a text message from the insurance company, on real time basis.

The coverage will be valid from the actual departure of train from the originating station to actual arrival of train at the destination station including process of entraining and detraining. 

Post accidental medical treatment covers as well as transportation of mortal remains is also provisioned for all insured under the purview of the scheme.

In case of cancellation of tickets, IRCTC will make an automatic refund of the premium amount after deduction of administrative charges to the passenger on the same account that was used to book the ticket.

The scheme is being implemented by IRCTC in partnership with ICICI Lombard General Insurance, Royal Sundaram and Shriram General.

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.

In case of passenger opting for insurance, the claim/liability shall be between passenger and the insurance company.

In case of death due to accident 100 per cent of the sum insured will be paid by the company.

Photograph: Reuters