Indian Railways offers insurance at less than 50 paise per train passenger. How it works


Indian Railways offers insurance at less than 50 paise per train passenger. How it works

What can you buy for 50 paise? Well, financial products such as travel insurance. Indian Railways Catering and Tourism Corporation (IRCTC) offers you an insurance cover of up to ₹10 lakh at a near-zero premium of 49 paise. Passengers have an option of opting the ‘Travel Insurance’ while booking train tickets through IRCTC website. If you exercise the option while booking your train, the travel insurance will be applicable for all passengers booked under one PNR (Passenger Name Record).

Eligibility for IRCTC travel insurance

Only the Indian citizens booking tickets through the IRCTC website or mobile app will be eligible to buy the insurance cover. The policy covers death, permanent total disability, permanent partial disability and hospitalization expenses for injury and transportation of mortal remains following rail accident or untoward incident, according to the IRCTC website Read More

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