In December 2017, the Indian Railways announced that travel insurance will be inclusive in the price of the ticket. This decision was taken by the Indian Railways to firstly raise awareness on the need for a travel insurance and secondly, to convince the citizens of India to buy tickets online. However, the Indian Railways announced recently that train passengers will have to pay for their own travel insurance as of 1 September 2018.
Now, the option of opting for a travel insurance or not will be available online on the IRCTC website only and passengers that opt for travel insurance will have to spend a pittance to be insured – 68 paise. When booking their tickets, customers have to either click on the ‘opt in’ or opt out’ button for travel insurance.
The travel insurance will benefit passengers if there is a risk on the journey or there is a mishap. According to the Indian Railways, despite the more than affordable premium for the travel insurance policy, passengers will be assured a sum of Rs.10 lakh in the case of death. In addition, Rs.7.5 lakh will be the sum assured of the travel insurance policy if the traveller is disabled as a result of an accident and Rs.2 lakh will be the sum assured if the passenger is injured as a result of an accident during the journey. Lastly, if the train accident leads to the death of the passenger, then Rs.10,000 will be granted for the transportation of the mortal remains of the passenger.
Source: Economic Times