Source: https://www.timesbull.com/daily-news/news/railway-insurance-2024-05-21-279086.html
Publication: Times Bull
Railway Insurance :Â Indian Railways provides insurance of Rs 10 lakh to passengers. Many passengers do not know about this facility of Railways. In this insurance, the loss caused due to railway accident is compensated by the company. The premium of this insurance is only 45 paise. Let us know in this article which passengers get the benefit of this insurance?
It would not be wrong to say that all the railway stations of India are crowded with passengers 24 hours a day. No matter which route you see, there will be very little chance that you will find the train empty. The number of railway passengers in India is increasing every year. On the other hand, news of railway accidents is heard every day.
The benefit of Railway Travel Insurance is available to those passengers who book tickets online. If a passenger books the ticket offline i.e. at the counter, then he does not get this benefit. However, taking this insurance completely depends on the passenger. If the passenger wishes, he can also refuse this insurance.
The premium for rail insurance is 45 paise. Passengers traveling in general coach or compartment do not get the benefit of this insurance.
How much is insurance
This insurance of Indian Railways provides a cover of Rs 10 lakh. In this, the loss incurred in a train accident is compensated by the insurance company. If a passenger dies in a train accident, the company gives an insurance amount of Rs 10 lakh to the nominee. Whereas if a passenger becomes disabled then the company gives Rs 10 lakh to the passenger.
In case of permanent disability, the passenger gets Rs 7.5 lakh. At the same time, the injured passenger gets Rs 2 lakh for treatment.
How to get insurance
If you also want to avail the benefit of Railway Travel Insurance, then you will have to select the travel insurance option while booking tickets online. The insurance premium will be collected along with the ticket itself.
As soon as you select the insurance option, a link will be sent to your email ID and mobile number. By visiting this link you will have to fill the nominee details. After adding the name of the nominee, the insurance claim is easily received.
