Railway Travel Insurance Scheme
The railways launched a scheme allowing a person to get an insurance cover of upto Rs 10 lakh on
booking a train ticket online by paying less than one rupee.
A person booking a train ticket through the IRCTC website will be able to opt for travel insurance
cover for a premium of 92 paise only.
Railway Minister Suresh Prabhu had in his budget speech, announced that the railways will provide
optional travel insurance for train journey at the time of booking.
The scheme offers travellers/nominees/legal heirs a compensation of Rs 10 lakh in the event of death
or total disabilty, Rs 7.5 lakh for partial disability, upto Rs 2 lakh for hospitalisation expenses and Rs
10,000 for transportation of mortal remains from the place of a train accident or where an untoward
incident, including terrorist attack, dacoity, rioting, shootout or arson, occurs.
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