The optional travel insurance provided by the Indian Railways will cost only one paisa during the festive season.
The scheme, which will be operational from October 7, will remain till October 31. Currently, travellers have to pay 92 paisa per passenger for this optional insurance.
“Enthused by the burgeoning number of rail travellers opting for the optional travel insurance scheme, the IRCTC reduced the premium amount to an unbelievable one paisa from the 92 paise, albeit for a temporary period,” said IRCTC on Thursday.
The reduced premium cost, which will be effective from Friday, will be valid for all tickets booked up till October 31, 2016.
IRCTC chairman Manocha informed that 1,20,87,625 passengers opted for the scheme till Thursday, Oct 6. The scheme was introduced on September 1.
The facility allows a travelling passenger to get an insurance cover of up to Rs 10 lakh on booking a train ticket on the IRCTC’s portal.
It offers travellers 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 hospitalisation 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.
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