Starting September, passengers booking tickets through the IRCTC website can avail of a travel accident cover for a premium as low as Re 1 for an insurance cover of Rs. 10 lakh.
The insurance cover is besides the compensation given by the Railways in case of accidents to valid ticket holders. The insurance would provide coverage against death, injury and disabilities caused due to accidents, IRCTC Chairman-cum-Managing Director AK Manocha said.Visit: https://youtu.be/y-7OaEXEiBo
He said compensation would be also provided by the insurance company in case of hospitalisation due to train accidents.Visit: www.Jloda.in
“We have selected three insurers — Shriram General, Royal Sundaram and ICICI Lombard — which will provide the cover. A total of 19 insurance companies were short-listed for the contract,” Manocha said.
These three were selected through the bidding process, he said.Visit: www.Jloda.in
IRCTC, which had short-listed 19 insurance companies to offer this service, narrowed down to only three insurance companies - Shriram General, Royal Sundaram and ICICI Lombard . Now, only these three companies which were selected through the bidding process will provide the insurance cover. Visit: https://youtu.be/y-7OaEXEiBo
This will be the first time that train travellers will have an option to buy insurance along with their e-ticket. For domestic air travellers, flight insurance premiums start from around Rs 100.Visit: www.Jloda.in
Although, purchasing the insurance cover will not be mandatory, but those who buy it will be covered in case of any hospitalisation due to train accidents.Visit: www.Jloda.in
However, it is the passengers’ choice to opt for the insurance as it is a voluntary offer, he clarified.
About 5 lakh tickets are at present booked online through Indian Railway Catering and Tourism Corporation (IRCTC).