The Indian Railway Catering and Tourism Corporation (IRCTC) is gearing up to launch a travel insurance scheme for passengers who book tickets from the website. This insurance worth Rs 10 lakh can be availed by paying a premium of only Re 1. IRCTC is expected to roll out this travel insurance facility sometime in September. IRCTC says passengers or their families will be offered compensation of up to Rs 10 lakh in the event of death or permanent total disability, Rs 7.5 lakh for permanent partial disability, or up to Rs 2 lakh for hospitalization expenses. Also Read - IRCTC app: How to book train tickets online on mobile phoneAlso Read - IRCTC, redBus intercity online bus ticketing service launched on irctc.co.in and IRCTC Rail Connect app
“The scheme also includes compensation of 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,” the statement added. Also Read - IRCTC online bus ticket booking service launched: How to book, check new features
Train accident and untoward incident cases will be handled according to definition under Sections 123, 124 and 124A of the Railways Act, 1989. The insurance cover is uniform for all classes and the option will be available through a check-box at the time of booking the ticket online. The premium amount will be automatically added to the ticket fare if the passenger opts for the insurance.
After making the payment, passengers will have to fill the nomination details which is 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. The passenger will have to provide his/her email ID for receipt of e-copy of the insurance policy,” read the statement.
The coverage will be valid from the actual departure of train from the originating station to actual arrival of train at the destination. The scheme is being implemented by the IRCTC in partnership with ICICI Lombard General Insurance, Royal Sundaram and Shriram General.