IRCTC Ticket Booking: Get insurance worth Rs 10 lakh for just 92 paise

Indian Railways Catering and Tourism Corporation has over six crore registered users. Lakhs of passengers book their ticket online using the IRCTC website irctc.co.in. The IRCTC used to provide free travel insurance to its passengers. However, it made the service optional and chargeable last year. Since then, every IRCTC user gets an option to select travel insurance while booking a confirmed/RAC e-ticket at the premium of Rs 0.92 per passenger. 

Under the scheme, sum assured is paid to the victim/family or legal heir of the victim as the case may be 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, subject to the qualification that 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 ‘process of detraining’ the train. 

The sum assured to be given to victim/family or legal heir of the victim are as follows:

(i) In case of Death- Rs 10 lakh,
(ii) Permanent Total Disability - Rs 10 Lakh,
(iii) Permanent Partial Disability up to- Rs 7.5 Lakh,
(iv) Hospitalization Expenses for Injury – Rs 2 Lakh,
(v) Transportation of mortal remains – Rs 10 Thousand.

IRCTC which is a wholly owned undertaking of Ministry of Railways had entered into an agreement with three Insurance Companies namely (i) Shriram General Insurance Company Ltd., (ii) ICICI Lombard General Insurance Company Ltd., and (iii) Royal Sundaram General Insurance Co. Ltd to provide one of the cheapest travel insurance.

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The insurance scheme is available to passengers of all reserved classes (SL, 1AC, 2AC, 3AC) of all trains (except passenger trains & sub-urban trains) for only tickets booked online on the IRCTC website. Passengers booking reserved tickets through the manually operated Railway reservation counters and those travelling on unreserved tickets are not entitled to avail of this insurance scheme.