Insurance Scheme For Railway Passengers

Insurance Scheme For Railway Passengers

An Optional Travel Insurance Scheme on a pilot basis for one year has been launched w.e.f 01.09.2016 for the Railway passengers who book e-ticket through official website of Indian Railway Catering & Tourism Corporation (IRCTC) at the premium of Rs. 0.92 per passenger.

This insurance scheme provides financial support to the family/legal heir in case of death/injury of reserved passengers due to train accident/untoward incidents as defined under section 123 read with Sections 124 and 124A of the Railways Act, 1989, subject to the qualification that the coverage will be valid from the actual departure of train from the originating station to actual arrival of train at the destination station including ‘process of entraining’ and ‘process of detraining’ the train.

The Sums Insured to be given to passengers are as follows: (i) In case of Death- Rs. 10 lakh, (ii) Permanent Total Disability – Rs. 10 Lakh, (iii) Permanent Partial Disability upto- Rs. 7.5 Lakh, (iv) Hospitalization Expenses for Injury -Rs. 2 Lakh, (v) Transportation of mortal remains – Rs. 10 Thousand.

IRCTC which is a wholly owned undertaking of Ministry of Railways has entered into an agreement with three Insurance Companies through Limited Tender, namely (i) Shriram General Insurance Company Ltd., (ii) ICICI Lombard General Insurance Company Ltd., and (iii) Royal Sundaram General Insurance Co. Ltd.
(a) Ex-gratia is paid to the victims of train accidents and untoward incidents at the following scales:

  Train Accident
Untoward Incident
(Sec. 124-A)
In case of death Rs. 50,000/- Rs. 15000/-
In case of grievous injury Rs. 25,000/- lump sum for hospitalisation upto 30 days.
Rs. 300 per day at the end of every 10 day period or discharge,
whichever is earlier.
Rs.5000/- lump sum for hospitalisation upto 30 days.Rs. 1000/- per week or part thereof the period for indoor treatment
upto further six months of hospitalisation.

Rs. 500/- per week or part thereof the period for indoor treatment
upto further five months of hospitalisation.

  The maximum period for which ex-gratia is payable to the
grievously injured passenger will be 12 months.
In case of simple injury Rs
Rs. 500/-

The insurance scheme is available on optional basis to passengers of all reserved classes (SL, 1AC, 2AC, 3AC etc.) of all trains except passenger trains and sub-urban trains for tickets booked online on the IRCTC websites.

This Press Release is based on the information given by the Minister of State for Railways Shri Rajen Gohain in a written reply to a question in Rajya Sabha on 09.12.2016 (Friday).


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