The IRCTC in partnership with ICICI Lombard General Insurance, Royal Sundaram General Insurance and Shriram General Insurance will start offering travel insurance cover of up to Rs 10 lakh to passengers from August 31. The Insurance can be availed while a booking train ticket online by paying less than one rupee. A train ticket booked through the IRCTC website will be charged only 92 paise for travel insurance cover.
According to railway ministry officials the insurance cover will not be applicable for children up to five years of age and foreign citizens. It will be for passengers holding tickets such as confirmed, RAC and wait-listed ones. 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, up to 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.