IRCTC to offer travel insurance cover of Rs 10 lakh at a premium of Re 1

The insurance cover would be available for all e-tickets but not for sub-urban trains

GN Bureau | August 1, 2016


#travel insurance   #IRCTC  


From September 1, Indian Railway Catering and Tourism Corporation (IRCTC) would offer optional travel insurance to railway passengers, for a premium of just Re 1 while booking an e-ticket. It would be initially introduced on a trial basis, according to a report published by India Today.

The scheme would offer travellers and their families a compensation of up to Rs 10 lakh in the event of death or total disability, Rs 7.5 lakh for permanent partial disability, up to Rs 2 lakh for hospitalisation expenses, and Rs 10,000 for transportation of mortal remains in the event of death or injury from a train accident or other 'untoward incident' including terrorist attacks, dacoity, rioting, shoot-out or arson, as well as for short termination, diverted route and Vikalp trains. Train accident and untoward incident cases will be as per definition under Sections 123 read with Sections 124 and 124A of the Railways Act, 1989.

The families would have to make the claim immediately but not later than four months after the event. The insurance company would process the claim and pay within 15 days of the receipt of document.

The insurance cover would be available for all e-tickets but not for sub-urban trains. IRCTC is offering the travel insurance in partnership with ICICI Lombard General Insurance, Royal Sundaram and Shriram General.
 

Comments

 

Other News

First cargo of IndianOil’s crude oil imports from US shipped

 In a big leap aimed at diversifying its crude oil sources and boosting the country’s energy security, IndianOil Corporation has begun crude oil imports from the US. The first cargo of high-sulphur ‘Mars’ crude oil was loaded recently from St. James Port on ‘Bergitta`

Modi keeps his word: Turns up heat on benami properties

When prime minister Narendra Modi spoke about action against benami properties while delivering the I-Day address from the Red Fort ramparts, he was in fact fulfilling a promise he made during the last Mann ki Baat of 2016.   “The law against benami property was lying i

REC posts profit of Rs 1,890 crore

 Rural Electrification Corporation (REC) Limited’s, total income, as on June 30, has risen to Rs 34,614 crore as against Rs 29,952 crore in the previous corresponding quarter. The profit before tax (PBT) for the quarter is Rs 1,890 crore. The enterprise is focused on financing power pr

IRCTC unveils international tour packages

 Indian Railway Catering and Tourism Corporation Ltd. (IRCTC), an Indian Railways’ PSU, has come up with an International tour package based on leisure and pilgrimage theme. IRCTC is one of the biggest e-commerce website across Asia.   There is Ramayana Yat

SAIL achieves significant growth in turnover

 Steel Authority of India Ltd (SAIL) clocked a turnover of Rs 12,860 crore in the first quarter of 2017-18 FY, registering a growth of 26 percent over the turnover of Rs 10,180 crore achieved in corresponding period last year (CPLY). In the same quarter, the total sales volume at 3.028 milli

ONGC Foundation gives aid to National Cancer Institute

 ONGC has granted Rs 100 crore to turn the vision of affordable world class cancer care facilities in central India into reality. The National Cancer Institute’s (NCI) first phase at Nagpur was unveiled on August 13, 2017 in the presence of Maharashtra chief minister Devendra Fadnavis.



Video

Modi govt. imposes 1.7k penalty on RIL

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter