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Railways extends insurance scheme to cover ₹10 lakh from October 27
Sentiment: NeutralHigh Priority
What Happened?
Indian Railways will extend its Optional Travel Insurance Scheme to passengers booking reserved tickets at PRS counters starting October 27. Passengers can opt for insurance at a premium of 45 paise, covering up to ₹10 lakh for death or permanent disability due to railway accidents.
Key points
- Passengers can opt for insurance by paying a premium of 45 paise.
- Coverage includes ₹10 lakh for death or permanent total disability.
- The policy also offers ₹7.5 lakh for permanent partial disability.
- Hospitalization expenses up to ₹2 lakh and ₹10,000 for transportation of mortal remains are included.
- Insurance remains optional, and reservation staff must inform passengers about it.
- Passengers must provide a mobile number and pay the premium digitally.
Key insights
- The extension of the insurance scheme may increase passenger confidence in railway travel.
- Providing insurance could lead to a reduction in financial burdens on families affected by railway accidents.
- The move aligns with the Supreme Court's directive, emphasizing the importance of passenger safety.
Why it matters
This scheme could enhance passenger safety and provide financial support in case of accidents.
Source
Times of India
