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IRCTC to launch travel insurance facility at Re 1

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The Indian Railway Catering and Tourism Corporation (IRCTC) is set to launch the facility of travel insurance for passengers who book tickets on its website. The service, scheduled to come into effect from September, can be availed at a premium of Re 1.

According to the statement issued by the IRCTC, the scheme offers passengers or their families compensation of up to Rs 10 lakh in the event of death or permanent total disability, Rs 7.5 lakh for permanent partial disability, up to Rs 2 lakh for hospitalization expenses.

“The scheme also include compensation of 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,” the statement added.

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