In the age of fast mobility and hectic schedules, vehicle accidents especially in trains are becoming increasingly common. So much so, we are hearing about this daily. This is where the importance of Railway insurance is underscored.
So, to safeguard the well-being of the passengers, Indian Railway now provides a facility, where passengers are compensated in case of death and injury.
The beneficiaries of this scheme are those passengers, who have already availed the insurance while purchasing their tickets.
Besides, this premium insurance costs only 45 paise, which covers the offers the coverage up to Rs 10 lakh.
Who Can Avail This Insurance?
However, this Railway travel insurance is available to those passengers, who book their tickets online.
In contrast, those who buy their tickets physically from the counter or travel in general compartments cannot avail this scheme.
But this insurance still remains optional, meaning it depends upon the passengers, whether to take it or not.
How Does This Insurance Work?
In order to activate your insurance, say if you get railway travel insurance, the insurance company provides compensation in case of train accident.
But if the case is of complete disability or death of a passenger due to train accident, the insurance amount Rs.10 Lakh is provided.
however, if the case is of partial disability, an insurance amount of Rs.7.5 lakh is given. As for injury, Rs. 2 Lakh is offered for treatment expense.
How To Avail It?
To get the benefits of Railway Travel Insurance, passengers can opt for optional insurance while booking their online tickets, irrespective of the travel class
After choosing the insurance option, a link is sent to passenger’s email and mobile number, to fill the nominee details. As having a nominee, can make it easier to get an insurance claim.
