Provision of Insurance Cover For Railway Passengers


India CSR News Network

NEW DELHI: An Optional Travel Insurance Scheme on a pilot basis for one year has been launched w.e.f 01/09/2016 for the railway passengers who book e-ticket through official website of Indian Railway Catering & Tourism Corporation (IRCTC).

Under the scheme reserved passengers who expire or are disabled permanently or partially due to train accident and untoward incidents during train journey will be entitled to sum assured as per the details given below. The objective behind the scheme is to maximize compensation to the passengers for the loss caused to them by train accident and untoward incidents.

IRCTC which is a wholly owned undertaking of Ministry of Railways has entered into an agreement with three Insurance Companies through Limited Tender, namely

(i) Shriram General Insurance Company Ltd.,

(ii) ICICI Lombard General Insurance Company Ltd., &

(iii) Royal Sundaram General Insurance Co. Ltd.

The amount of compensation to be given to passengers are as follows: 

(i) In case of Death- Rs 10 lakh

(ii) Permanent Total Disability – Rs 10 Lakh

(iii) Permanent Partial Disability – Rs 7.5 Lakh

(iv) Hospitalization Expenses for Injury – Rs 2 Lakh &

(v) Transportation of mortal remains – Rs 10 Thousand.

The insurance cover will cover all reserved classes (SL, 1AC, 2AC, 3AC) and trains except passenger trains & Sub-Urban trains for tickets booked online on the IRCTC website. Personal belongings are not covered under the said scheme.

This development is based on the information given by the Minister of State for Railways Rajen Gohain in a written reply to a question in Lok Sabha on 16 November 2016, Wednesday.

Please follow and like us:



Previous articleSocial Security Coverage Scheme for Workers in Unorganised Sector
Next article48000 Bio Toilets installed in Trains
India CSR Network
India CSR Network is India's biggest and most trusted news portal in the domain of CSR & Sustainability. India CSR welcomes stories, statements, updates, reports on issues that interest you. Feedback, comments will make it more purposeful and resourceful. It is designed and maintained by India CSR Group. Contents are non-fiction. Though all efforts have been made to verify the accuracy, the same should not be construed as a statement of law or used for any legal purposes. In case of any ambiguity or doubts, readers are advised to verify with the source(s). Statement, articles, views and contributions can be sent to