Insurance Cover For Railway Passengers
IRCTC which is a wholly owned undertaking of Ministry of Railways has entered into an agreement with three Insurance Companies through Limited Tender, namely
(i) Shriram General Insurance Company Ltd.,
(ii) ICICI Lombard General Insurance Company Ltd., &
(iii) Royal Sundaram General Insurance Co. Ltd.
The amount of compensation to be given to passengers are as follows
(i) In case of Death- ₹ 10 lakh
(ii) Permanent Total Disability – ₹ 10 Lakh
(iii) Permanent Partial Disability – ₹ 7.5 Lakh
(iv) Hospitalization Expenses for Injury – ₹ 2 Lakh &
(v) Transportation of mortal remains – ₹ 10 Thousand.
The insurance cover will cover all reserved classes (SL, 1AC, 2AC, 3AC) and trains except passenger trains & Sub-Urban trains for tickets booked online on the IRCTC website. Personal belongings are not covered under the said scheme.
This Press Release is based on the information given by the Minister of State for Railways Shri Rajen Gohain in a written reply to a question in Lok Sabha on 16 November 2016, Wednesday.