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Did you Know you can get Rs. 10 Lakh Accident Insurance on your IRCTC Bookings?

Rohit Sapra Rohit Sapra 06 January 2018

Indian Railways w.e.f from 01.09.2016 had launched an Optional Travel Insurance Scheme for railway passengers booking e-ticket on Indian Railway Catering & Tourism Corporation (IRCTC) Website.

Accident Insurance Cover

This scheme was launched for all reserved classes (SL, 1AC, 2AC, 3AC)passengers booking confirmed/RAC online tickets on the IRCTC websites.

In conjunction with governments digital and cashless push, this accidental insurance cover is now being provided free of cost since 10th October 2016,which was previously charged at Rs. 0.92 as premium per passenger to all passengers who have booked their tickets online from IRCTC. This accident insurance cover is valid from the actual departure of the train from the originating station to the actual arrival of the train at destination station including 'process of entraining' and 'process of detraining' the train. This insurance scheme is not available for passenger trains and suburban trains. The sum assured to be given to the victim/family or legal heir of the victim is as follows:

(i) Rs 10 lakh on Death ( ii) Rs 10 lakh on Permanent Total Disability

(iii) Up to Rs 7.5 lakh on Permanent Partial Disability

(iv) Rs 2 lakh on Hospitalization Expenses for Injury

(v) Rs 10,000 for Transportation of mortal remains

Under this scheme, compensation amounting to Rs. 2.47 crores have been paid by the insurance companies from its launch on 01.09.2016to 30.11.2017.

This accident insurance scheme provides financial support to the family in case of death/injury of reserved passengers due to train accident/untoward incidents as defined under section 123 read with Sections 124 and 124A of the Railways Act, 1989.

So, don’t miss choosing the accidental insurance cover next time you book train tickets online at IRCTC website.

Recommended Read: Railways to Offer Insurance for Baggage and Even Gadgets

Rohit Sapra
Written by Rohit Sapra
Rohit Sapra, a licentiate, and currently an SME, is a seasoned insurance professional with previous work experience from Kotak and Birla Sun Life Insurance.