irctc travel insurance

IRCTC travel insurance policy | How to update nomination and get certificate

IRCTC travel insurance policy

Do you know how you will secure your family, free of cost during travel? In the next 10 min, I will discuss about this matter. Read the article IRCTC travel insurance policy. It will help you to know the hidden facts which can be happened on your travel time.

Why train journey insurance is Important

The National Crime Records Bureau’s report says in the last 6 years, it registered 800 train accidents in India, of which about 600-620 people died and 1850  injured. More than 15,000 people have been killed in the railway accident every year as per the report.

According to the National Crime Records Bureau, there were 28,360 people harmed in railway accidents in 2014, of which 3,882 injured and 25,006 people lost their lives.

About 59% of IR tickets booked online. IRCTC site shows approx. 3.2 million user daily log-ins, book around 550,000 tickets per day, for nearly one million passengers. Approximately 15 to 20 million have chosen this project within 85 days. It logs 3.2 million daily on the website and has over 700,000 booking a day.

It has been said in the newspaper that only 30% of the tickets are avail this accidental insurance. Although, for the passengers, the price of 92 rupees is one of the lowest railway travel insurance premium in the world.

rail accident in india

rail accident in india

History of train ticket accident insurance

The IRCTC Indian railway insurance and Accidents Rail passenger insurance project was introduced in 1993-94 railway budgets and the Railway Claims Tribunal administered it. Details of the policy can be read by the railway tribunal website. On September 20, 2008, it has been discontinued for its higher premium reason.

The compensation under this project was determined by the Railway Accident and Untoward Incidents (Compensation) Rules 1990.  The ICICI Lombard was last insured for the project between September 20, 2007, and September 19, 2008.

According to this expired plan, a passenger passes with a valid ticket or platform ticket, for insurance and for any unwanted incidents, they are entitled to pay a compensation up to 4 lakhs.

Read How to travel cheap in India tips

1 cover travel insurance

New 1 rupee cover travel Railway insurance for the first test of Indore-Patna Express disaster.

20 November 2016, 14 coaches of the Indira-Rajendra Nagar Express 19321 derailed at Pukhrayan, 60 kilometres away from Kanpur. At least 150 people  dead and 260 others injured in this train accident.

After the Indira-Patna Express accident, 145 people dead and 200 injured, the ministry of the railway is examining the proposal to make passenger insurance compulsory.

In Indira-Patna Express accident, 24 people have died and over 200 people are injured.

Indira-Patna Express had on board with 695 passengers, who are travelling with the reserve seats.

Among the 128 passengers, 78 were on the train during the accident, the rest on board later.

In this accident, the total death penalty promised to those who died on the train is payed more than 26 lakhs. Trial of the total death penalty, which is the highest ever given in train accident in India.

PMO + Railways – 5.5 lakh

UP Gov.  –  5 Lakhs

MP Govt – 2 Lakh

IRCTC Insurance – 10 lakh

Total – 26.5 lakh (Total adds to 22.5 but Times of India says 26.5)

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The Rail insurance

Today Indian Railways is the most affordable and easy to access transport system in India. Every day the railway carries a large number of the people from one part to another part of the country. So the increasing number of railway accidents has become a major cause of concern for those who depend on the railway for their daily travel life.

In a suggestion to help the passengers, the Indian Railways introduced an optional travel insurance scheme in 01.09.2016. The insurance policy is for the confirmed and RAC traveller, who booking there e-ticket through the official website of the Indian Railway Catering and Tourism Corporation (IRCTC) Portal and the policy premium is 0.92 paisa per passenger at that time.

Cheap railway travel insurance India

Railway travel insurance is the cheapest travel insurance in India. Earlier IRCTC travel insurance premium was just 92 paisa but now no separate premiums have to be paid.

Now while, previously  when you are book your train e-ticket you will see the insurance premium price is 0.00 per person in the option. So that means the insurance charge added with the ticket fare. This travel insurance from Railways is providing 10 lakh optional travel insurance to passengers for 0.00 rupees premium ( currently it is changed to .68 paisa ).

The Indian Railways issued free accidental train ticket insurance to passengers who book their tickets through IRCTC online portal and it’s started from December 10, 2016.

Note – IRCTC Again implement 1 rupees changes(.68 paisa aprox) for one person. Dated – 01.09.2018. Also you have to select (yes/no) whether you avail the policy.

How to buy train tickets online in India

Follow my video for the steps.

 

How to avail IRCTC railway public liability insurance

While booking your e-ticket on the IRCTC website, there is an option for the travel insurance by clicking on the Yes option, which will guarantee you, that the insurance of your travel. However, children under 5 years of age and the foreigners cannot enjoy the benefits of the IRCTC e-ticket insurance scheme. Now the options are mandatory, that means you do not have to do anything.

The IRCTC has partnership with several companies like, Royal Sundaram General Insurance, ICICI Lombard General Insurance, and Sriram General Insurance Bank, for travel insurance in train travel.

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Railway insurance companies

The Railway liability insurance is being accomplished by IRCTC in partnership with general companies.

  • Royal Sundaram General Insurance
  • ICICI Lombard General Insurance and
  • Shriram General Insurance

This three selected insurance companies will be able to issue an insurance policy on a rotational basis through an automated system. The insurance provider company is set by default, you cannot choose any of them.

Others Travel insurance companies in India is Reliance General Insurance, Tata AIG, National Insurance,  Bharti Axa, CholaMandalam MS, Bajaj Allianz ,Apollo Munich Health Insurance, Oriental Insurance,  HDFC Ergo, Star Health & Allied Insurance,  New India Assurance, United India Insurance and Future Generali India, Iffco Tokio.

What does the train insurance cover?

This train insurance coverage policy will cover the entire traveler who is under the PNR. The accidental coverage will be applicable in case of any accident occurring due to the collision between trains, or derailing of the train, terrorist or disruptive activities, robbery, indulging in rioting, shoot-out etc.

The coverage of the policy includes death, permanent total disability, and permanent partial disability and hospitalization expenses for any injury. That time the passengers or the nominee can claim compensation.

A passenger on death or permanent disability will be entitled to 100% sum insured within 12 months from the date of the accident. Due to partial disability, the passenger will be entitled to get a maximum 75% of sum insured. In case the passenger enrolls for some treatment, he/she will be entitled to 20% of hospitalization and medical charges under the policy.

Now take a look what you get on buying Travel Insurance with your train ticket

  • For death 10 lacs
  • Permanent total disability 10 lacs
  • For Permanent partial disability 7.5 lacs
  • Hospitalization expenses for injury Up to 2 lacs
  • For transportation of mortal events Up to 1 lacs

However, children’s less than 5 years of age and foreign citizens are not covered under this type of scheme.

IRCTC travel insurance nominee update

Once you are done with ticket booking, after that re-visit at the IRCTC portal, and you have to fill up the nomination information on the respective insurance company’s website. The Link can be found in the ticket booking transaction history or someone can directly click on the link provided through SMS.

If the nomination details are not filled up, then if any such claims are arises, that will be settled with legal heirs. But my recommendation is always to fill the form before your travel. It will help you in the future.

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What is the Claiming procedure of the Indian Railways Travel Insurance?

The calming procedure of the Travel Insurance under this scheme is quite hassle-free. You or your nominee should submit a report of the train accident from the railway authority and visit the nearest office of the respective insurance company within four months from the date of the accident.

In case of passenger death claim, you or the nominee will have to submit a report from the railway authority about accidents and the list of dead passengers. In the process of the calming procedure you must be submitted of the insurer’s Medical reports, death or disability certificate, NEFT details, ID proof and a cancelled cheque.

The insurance company will deal with the claiming procedure through the NEFT process. At the time of settlement, the insurance company may request for the KYC documents of the insurer/nominee. Your claim is likely to be settled within 15 days.

Who can claim compensation of accidental insurance policy by IRCTC?

If a deceased man is married then his wife, son or daughter can claim compensation. The daughter or son must be an adult if they are claiming. If the  person is not married then his or her parents can apply for compensation. In other cases, if the deceased person chooses someone like any other relative or any other friend, then he can claim compensation.

In short, we can say that the person’s name and details have been filled in the application by the deceased while booking the ticket, they can claim for the compensation. The only thing is that he/she should have ID proof.

According to the rules, insurance claims will be filed in the 4 months from the date of the insurance claim. All the terms, benefits and exceptions of this policy are mentioned in this PDF, download it and read it in detail.

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How to apply for the compensation of IRCTC accident insurance policy?

The nominee or the claimant can apply for the payment of compensation to the nearest office of the insurance company, which is to be chosen by the time of booking ticket. You have to go to the insurance office and complete the compensation form and all the documents needed for the claim should be attached.

Thanks for reading. Please rate and share on your circle.

 

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Ruma @holidaystory

Hi..Myself Ruma Dey Baidya..live in Kolkata with joint family and I have a daughter who is 3 years old now. I am a homemaker and love to travel very much. This website is dedicated for those who love to travel. I am trying to put each and every experience what we faced in past. I am trying to serve as best as possible. Please note all the places and expenditure are personally experienced. If I can help anybody, I assumed this is my prize for it. Please feel free for any kind of information related to this blog.

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2 Responses

  1. Raja says:

    Very useful article about IRCTC insurance- reminds us to do simple things that we so very often overlook or just neglect to do – and then end up paying a very heavy price for it.

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