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Rail passengers can now avail travel insurance scheme at just one paisa

Posted on: 07/Oct/2016 12:35:00 PM
Rail passengers can now avail travel insurance scheme at just one paisa from tomorrow. IRCTC said that it has reduced the premium amount to one paisa from the 92 paise. The insurance scheme is available only for confirmed and RAC tickets and covers all passengers except children below 5 years of age and foreign citizens.
 
The insurance offers travelers or their families compensation of up to Rs 10 lakh in the event of death or permanent total disability, Rs 7.5 lakh for permanent partial disability, up to Rs 2 lakh for hospitalization expenses and Rs 10,000 for transportation of mortal remains in the event of death or injury from a train accident or other untoward incidents, including terrorist attacks, dacoity, rioting, shoot-out or arson, as well as for short termination, diverted route and Vikalp trains.
 
RCTC Chairman and Managing Director Dr. AK Manocha said: It is a Diwali bonanza for our patrons. The optional travel insurance scheme for train passengers  is now available at a token price of just one paisa.1,20,87,625 train passengers had opted for the scheme till 8 am on Thursday (Oct 6).

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