Indian Railways stopped giving free travel insurance to passengers from September 3. Following demonetisation, IRCTC (Indian Railways Catering and Tourism Corporation) had started to give out free insurance in a bid to promote digital transactions.
But, now if you wish to avail the service, then you need to pay 68 paise premium as insurance. Also, this facility can only be availed if you book tickets online. The premium on insurance is non-refundable.
Passengers who book ticket through computerised passenger reservation system (PRS) cannot opt for the insurance facility.
What IRCTC insurance offers:
The IRCTC insurance provides a maximum cover of Rs. 10 lakh in case a passenger dies, Rs.7.5 lakh if the passenger is disabled during a train mishap, Rs.2 lakh for injury and Rs.10,000 for transportation of mortal remains.
A child below 5 years of age is not covered under the IRCTC insurance.
