This will change train travel to a great extent. Starting today, railway passengers will be offered optional travel insurance by IRCTC.
The facility, which will be initially introduced on a trial basis, will allow passengers to opt for a travel insurance for a premium of just Re 1 while booking an e-ticket from the IRCTC website.
The facility is reserved for passengers of all trains, excluding sub-urban trains, through its official website, irrespective of the class of the ticket.
Available only for confirmed and KAC tickets, the insurance will provide coverage for all passengers, excluding children below 5 years of age and foreign citizens.
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 Indian Railways upto the destination station, then this part of the journey of the passenger shall also be covered under the policy taken.
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 hospitalization 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. 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 claims intimation should be immediate but not later than four months after the event. The insurance company will process the claim and send the cheque within 15 days of the receipt of document.
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.