Business News Desk: There is good news for the passengers traveling by railway. Now you will get a cover of Rs 10 lakh for just 45 paise. Indian Railway Catering and Tourism Corporation (IRCTC) has made major changes in its new travel insurance policy, in which the insurance premium has been kept at 45 paise per passenger. This insurance policy is optional, but once opted for it will become mandatory for all passengers traveling under the same PNR. This scheme is only for Indian citizens and only passengers booking through e-tickets can avail it.
Who can apply?
This insurance is only for Indian citizens who book e-tickets through IRCTC. However, foreign nationals, passengers booking tickets through agents or other travel agencies cannot avail this facility. Children below 5 years of age, who book tickets without a seat. Will not be included in this insurance. But for children aged 5-11 years, this insurance will be available if the ticket is booked with or without a seat.
Sum Assured and Benefits – Under the insurance policy, the insurance money is divided into four categories.
Transfer of dead body: Insurance benefit up to ₹ 10,000 will be available for transfer of dead body after a train accident or other incidents. Will be provided.
Hospitalization expenses for injury: This plan has an insurance benefit of up to ₹2 lakh for hospitalization expenses in case of injury.
Permanent Partial Disability: 75% of the insurance benefit will be given, which can be up to ₹7,50,000.
Permanent Total Disability: In case of accident, 100% sum insured will be given on permanent total disability, which will be up to ₹ 10 lakh.
Death: In case of accidental death during the journey, the nominee will get 100% of the sum insured, i.e. up to ₹10 lakh.
How to get insurance?
Insurance information will be given to the passenger through SMS and email. Passengers can check the policy number and other information from their ticket booking history. The nominee details should be filled after booking the ticket on the insurance company’s website. If nomination information is not filled, payment will be made to the legal heirs in case of claim. This insurance policy will be applicable only for confirmed and RAC ticket holders. This policy is designed to protect passengers in case of accidents or unexpected events during the journey.
