Travel insurance online of up to Rs 10 lakh at a premium of just 49 paise: All you need to know

What you get in less than 1 Rupee? Take time and guess... Nothing...??? 

No Indian railway offer travel insurance to their passenger in only 49 paise. 

Yes, It is true. IRCTC provides travel insurance for their train passenger in 49 paise and travel insurance cover upto 10 Lac. It is optional for passenger to take or not. I suggest all passenger to take travel insurance due to its nominal charge(upto 50 paise per passenger) and big benefits if accident happened. 

IRCTC has collaborated with some companies like ICICI Lombard, Shri Ram General Insurance, etc to give insurance facility to their passengers. If you check mark to take travel insurance online  while train booking on IRCTC website, then mail regarding travel insurance sent to your email id. Some company sent mail with travel insurance attachment and some company sent mail to fill up nomination.

I have put here example of my travel insurance provided by IRCTC with help of ShriRam General Insurance.

Here you can see that how much benefit IRCTC gives to their passenger.

I have listed happened vs travel insurance cover.

For

Death - 10 Lac Rs

Permanent Total Disability - 10 Lac Rs (Full body disable)

Permanent Partial Disablity - upto 7.50 Lac Rs (Some parts of body)

Hospitalisation Expense - 2 Lac Rs 

In Case of Death - Mortal Trasporation - 10 thousand Rs

On paid upto 50 paise, you are given such amount of benefit. What you do? Will you take or not? Ofcourse you will take travel insurance.

Now steps to take travel insurance online in IRCTC website while booking train ticket.

1. Login and Fill Source, Destination and Date to search train

2. Select train and class (Sleeper, Seating, 3 AC, etc)

3. Fill all passenger details and other information. You can find option to take travel insurance online. It is optional. (Recommended ) Check below image

Here you can check I have select Yes, and I accept the terms & conditions. Here you can check all terms and condition for travel insurance online. Here price per passenger is mentioned that they will take 0.49 Rs per passenger. It will be added in your final amount.

After booking train ticket, you will get ticket mail from IRCTC and also you will get mail from insurance company. I got mail from ShriRam General Insurance.

After getting mail, You can fill nominee details.And after filling nominee details you will get PDF via mail or you can download directly.

If any thing happened with passenger if train accident takes place, then passenger will get good benefit with this travel insurance online option by IRCTC.

Once the premium is paid by the passengers no cancellations is allowed, said IRCTC. There won't be any refund of the premium in all cases including wait-listed ticket.

If nomination details is not filled then the settlement shall be made with legal heirs, if the claim arises, IRCTC mentioned in the release. IRCTC travel insurance will not be provided for the children below 5 years of age. IRCTC has kept travel insurance scheme uniform for all classes.

Terms & conditions of the scheme (Shrink terms and condition from IRCTC): 

• Customer shall receive the policy information through SMS and on their registered email IDs directly from insurance companies along with the link for filling nomination details. However, the policy number can be viewed from ticket booked history at IRCTC Page.

• After the booking of ticket, the nomination details to be filled at the respective insurance company site. If nomination details are not filled then the settlement shall be made with legal heirs, if the claim arises

• The coverage for the policy shall be for each passenger under the PNR in case of death, permanent total disability, permanent partial disability, and hospitalization expenses for Injury and transportation of mortal remains following rail accident or untoward incident. 

• The optional travel insurance will not be provided for the children below 5 years of age. In case of passenger opting for insurance, the claim/liability shall be between insured and the insurance company.

• In case of short termination of trains due to any reason, if the passenger opts for the alternate mode of transportation arranged by railway up to the destination station, then this part of the journey of the passenger shall also be covered under the policy taken by the passenger.

• In case of diversion of train due to any reason, the coverage shall be for the diverted route. In case of vikalp train, the policy obtained by the passenger for covering the journey in the original train shall be valid in the vikalp train also.

• Once the premium is paid by the passengers, no cancellation is allowed. Accordingly, no refund of premium will be made in all cases including waitlisted ticket.

• The coverage for hospitalization expenses for injury is over and above the death/permanent total disability/partial disability.

Hope you understand. If you have any doubt, please comment in below box. I will definitely answer.