Things to know about train travel insurance | Fusion - WeRIndia

A tragic railway accident in Odisha’s Balasore district has left everyone in shock. This devastating incident claimed the lives of around 300 people. The rescue operation at the accident site has been completed, and efforts to restore normalcy are currently underway.

Following the accident, Railway Minister Ashwini Vaishnaw announced an ex gratia payment of ₹10 lakhs for the deceased, ₹2 lakhs for the seriously injured, and ₹50,000 for those with minor injuries.

However, amidst this unfortunate event, have you ever considered the travel insurance that passengers opt for when booking tickets through IRCTC?

Passengers can avail of railway travel insurance for a mere 35 paise during the ticket booking process. Through this insurance facility, IRCTC offers coverage of up to ₹10 lakhs to its passengers.

This insurance ensures that passengers receive compensation in the event of loss or damage to their belongings and luggage during the train journey.

Moreover, it provides financial assistance for medical expenses and compensates the nominee in case of a passenger’s unfortunate demise.

In the unfortunate event of a passenger’s death or permanent disability due to a train accident, the insurance policy pays out an amount of up to ₹10 lakhs.

If the passenger becomes partially disabled, they receive compensation of ₹7.5 lakhs. For serious injuries, an assistance amount of ₹2 lakhs is provided. In the case of minor injuries, passengers receive up to ₹10,000 as compensation.

Here is the process for claiming train travel insurance:

Indian Railways passengers can file an insurance claim within 4 months of being involved in a train accident.

To claim insurance, passengers must visit the office of the insurance company and provide the necessary documentation.

Passengers need to mention the name of their nominee while opting for insurance to ensure a smooth claim settlement process in the unfortunate event of an untoward incident.

Passengers must be aware of and take advantage of the railway travel insurance offered by IRCTC.

By availing of this facility, passengers can secure coverage for potential losses and ensure financial protection for themselves and their loved ones during train journeys.

Image Credit: Adityamadhav83, CC BY-SA 3.0, via Wikimedia Commons

Image Reference: https://commons.wikimedia.org/wiki/File:Guntur-KCG_Passenger_at_Kachiguda_railway_station_01.jpg