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Railway travel insurance premium at 92 paisa
Posted on: 26/Aug/2016 12:28:31 PM
A travel insurance cover of upto Rs 10 lakh can be availed while a booking train ticket online by paying 97 paisa from August 31.
Willing person booking a train ticket through the IRCTC website will be able opt for travel insurance cover for a premium of 92 paise only from August 31
Railway Minister Suresh Prabhu had in his budget speech announced that the railways will provide optional travel insurance for train journey at the time of booking.
The new facility will be available to all passengers excluding those travelling on suburban trains while booking online irrespective of the class. The cover will not be applicable for children upto 5 years of age and foreign citizens. It will be for passengers holding tickets such as confirmed, RAC and wait-listed ones,
The insurance covers terrorist attack, dacoity, rioting, shootout or arson and accidents. The scheme offers travelers/nominees/legal heirs a compensation of Rs 10 lakh in the event of death or total disability, Rs 7.5 lakh for partial disability, upto Rs 2 lakh for hospitalization expenses and Rs 10,000 for transportation of mortal remains from the place of a train accident
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