What is IRCTC Travel Insurance | Travel Insurance in Trains by IRCTC
Train
passengers booking their e-tickets through IRCTC website can opt for IRCTC travel
insurance cover for a premium of just 92 paise per passenger. Life is uncertain
and we don’t know what life has in store for us. We can only hope for the best while
remains prepared for the worst. Opting for IRCTC travel insurance is one such advance
planning that we must take. Nothing can replace a loved one but financial help
can make things easier for those you leave behind.
IRCTC Travel Insurance
IRCTC Travel Insurance cover
is uniform for all the passengers of all class traveling
by Indian Railway who book the e-ticket through IRCTC website and opt for
Travel insurance and paid the premium. However, the travel insurance cover will
not be provided for the children below 5 years of age. In this post, let us
take a look at the IRCTC travel insurance scheme.
How do you opt for IRCTC Travel Insurance?
While booking your e-ticket through
IRCTC website, opting for
"IRCTC Passenger Travel Insurance Scheme" is checked by default.
IRCTC travel insurance scheme is not mandatory and you can uncheck it if you are
not interested. If you opt for this, you will be charged additional 92
paise per passenger inclusive of all taxes in your ticketing amount. Once opted
then it will be compulsory for
all passengers booked under one PNR. Please note that children below the
age of 5 years and foreign
citizens are not covered under IRCTC travel insurance scheme.
Also read: Why do you need life insurance?
Also read: Why do you need life insurance?
What coverage do you receive under IRCTC Travel Insurance?
In the event of a train accident or other untoward incidents like dacoity,
rioting, shoot-outs, arson, violent attacks or accidental falling of a
passenger from the train, the passengers or their nominee will receive the
following:
1. Rs 10 lakh, in the event of death or permanent total disability.
2. Rs. 7.5 lakh, in the event of permanent partial disability.
3. Rs. 2 lakh, in the event of injury for hospitalization expenses.
4. Rs. 10,000, in the event of death for transportation of mortal
remains.
Please note that this coverage is for train accidents and problems like
loss of baggage are not covered by IRCTC travel
insurance.
Terms & Conditions for IRCTC Travel Insurance
1. The scheme is applicable
only for Indian Citizens who book their e-ticket through IRCTC website.
2. Citizens of foreign
countries are not eligible for this scheme.
3. The scheme is optional.
4. If opted for IRCTC travel
insurance then it will be compulsory for all passengers under one PNR.
5. The premium for IRCTC travel
insurance is 92 paise per passenger inclusive of all taxes.
6. You will receive information
about policy via SMS and email from the insurance company.
7. After the booking of ticket, the nomination
details to be filled at respective insurance company website.
8. If passenger opts for IRCTC
travel insurance, the claim/liability shall be between the insured and the insurance company.
9. In case of diversion of the
train due to any reason, the coverage
shall be for the diverted route.
10. The policy obtained by
the passenger for his journey in the original train shall be valid in the vikalp train also.
11. Cancellation of policy is
not allowed once the premium is paid.
12. No refund of premium
will be made in all cases including waitlisted
ticket. The IRCTC travel insurance cover is kept uniform for all classes.
Also read: Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
Also read: Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
Which Insurance Companies are offering IRTCT Travel Insurance?
Currently, IRCTC has a partnership
with ICICI Lombard General Insurance, Royal Sundaram General Insurance Company,
and Shriram General Insurance Company.
These insurance companies will get the travel insurance policy on a rotation
basis from an automated system.
How to apply for the compensation of IRCTC Travel Insurance?
The passenger or the nominee can apply for the compensation to the
respective insurance company within 4 months of the event. You
have to fill and submit the compensation form along with the documents required
for the claim.
As I said above “life is uncertain and we don’t know what life has in store for us”. So, the next time when you book an e-ticket, make sure you opt for IRCTC travel insurance for the security of yourself and your loved ones.
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What is IRCTC Travel Insurance | Travel Insurance in Trains by IRCTC
This was beyond my knowledge, thanks for the details.
ReplyDeleteThanks Jyotirmoy
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