In the wake of the recent train accident, many people are searching online for train accident insurance and related information.
A common question is how much compensation a family will receive if the policyholder dies in an accident while boarding the train.
Additionally, they are turning to Google for answers to their queries. If a life is lost in an accident after boarding the train, there are specific rules regarding compensation from IRCTC.
IRCTC travel insurance is an optional policy that offers financial protection to passengers in the event of unforeseen circumstances such as accidents, deaths, or ticket cancellations. IRCTC provides it in collaboration with leading insurance companies.
IRCTC Compensation Eligibility: Compensation from IRCTC is only available to passengers who have opted for the insurance option when booking their train tickets online.
If a train passenger dies due to an accident while traveling, their family will receive insurance money. However, those not selecting this option during booking will not be eligible for compensation.
Insurance Coverage: IRCTC offers insurance coverage of up to Rs. 10 lakh for a premium of just 45 paise. This insurance applies in cases of train accidents.
If a policyholder dies while boarding the train or due to an accident, their family will receive Rs. 10 lakh from IRCTC. Individuals injured in a train accident can also receive up to Rs. 10 lakh compensation.
Online Booking Requirement: The IRCTC insurance facility is available only for tickets booked online. The insurance option will not be applicable if a ticket is purchased at a railway ticket counter.
How to Obtain IRCTC Accident Insurance: When booking a ticket online for train travel, an insurance option will appear on the IRCTC website or app.
The insurance company will then send a link to the mobile number and email address of those who choose this option. This link will allow users to fill in nominee details. Including the nominee’s name in the insurance policy simplifies the claim process.
Benefits of IRCTC Travel Insurance:
Choosing IRCTC travel insurance offers several advantages, including:
- Accidental Death Cover: In the event of accidental death or permanent disability, the policy provides coverage of up to ₹10 lakhs.
- Medical Expenses: The policy covers medical expenses up to ₹1 lakh if hospitalization is required due to an accident.
- Ticket Cancellation: If you need to cancel your ticket, the policy offers a refund of up to ₹10,000.
IRCTC Travel Insurance Rules
Here are key rules and regulations to keep in mind when opting for IRCTC travel insurance:
- Eligibility: The insurance policy is available to all Indian citizens who book their train tickets through IRCTC.
- Age Limit: Insurance policy purchases have no age limit.
- Premium: The premium for the insurance policy is ₹0.49 per passenger for a one-way journey and ₹0.98 per passenger for a return journey.
- Policy Period: The insurance policy is valid for the duration of the journey.
- Claim Process: If you need to make a claim, submit your claim form and the required documents within 30 days of the incident.
How to Opt for IRCTC Travel Insurance
Purchasing IRCTC travel insurance is a straightforward process. Here’s how to do it:
- Online Booking: When booking your train ticket online through IRCTC, you can purchase travel insurance by selecting the “Travel Insurance” option.
- Premium Payment: The premium for the insurance policy will automatically be added to your ticket fare.
- Policy Details: After opting for the insurance policy, you will receive the policy details via email and SMS.
IRCTC travel insurance is a convenient and affordable way to protect your train journey. By opting for this insurance policy, you can enjoy a worry-free trip and avoid financial losses due to unforeseen circumstances. Read the policy terms and conditions carefully and select the insurance option while booking your train ticket online.