IRCTC insurer to provide insurance to passengers against loss of luggage and death
Posted on: 11/Apr/2016 10:32:41 AM
The Indian Railway Catering and Tourism Corporation (IRCTC) will soon be finalizing on a insurer to provide insurance to passengers against loss of luggage and death. The state controlled public sector insurance company New India Assurance is likely to be the partner with IRCTC to form the insurance alliance.The railways carries 850 crore passengers in a year.
Insurance would be optional for passengers. Customers can avail of insurance while booking rail tickets online on the IRCTC platform. Those who book tickets offline, however, would not get the option.
Railways have suggested that travelers be given three personal accident insurance options to choose from, besides a fixed insurance component for baggage loss. The sum insured would differ according to the class of travel.
It has also been suggested that travellers be provided a quick NO option for insurance to help save their time rather than giving them an YES option. Travellers need to do 120 days advanced booking and the insurance cover has to be bought on the same day of booking tickets.
Insurance officials said that the premium would be as low as Rs 50-70 as the duration of coverage is less. Personal accident will cover accidental death and disability due to accidents.
