How to Secure Rs 10 Lakh Insurance Cover on the IRCTC Portal: While purchasing a ticket with Indian Railway Catering and Tourism Corporation (IRCTC), you can purchase a Rs 10 lakh insurance policy for a premium of just 35 paise. Keeping in mind the recent Odisha triple train tragedy, a sum of Rs 10 lakh will be provided to the passenger or their heirs in the event of death or permanent complete disability. The insured is entitled to Rs 7.5 lakh in the event of permanent partial disability. Sakshi Batra, Anchor and Associate Editor of BTTV discuss in depth with Manas Kapoor, Product Head – Travel Insurance, Policybazaar.com, the benefits of purchasing travel insurance at the time of IRCTC ticket purchase.
How to Secure Rs 10 Lakh Insurance Cover on the IRCTC Portal: What insurance coverage does IRCTC offer?
While purchasing a ticket with Indian Railway Catering and Tourism Corporation (IRCTC), you can purchase a Rs 10 lakh insurance policy for a premium of just 35 paise. Keeping in mind the recent Odisha triple train tragedy, a sum of Rs 10 lakh will be provided to the passenger or their heirs in the event of death or permanent complete disability. The insured is entitled to Rs 7.5 lakh in the event of permanent partial disability. Sakshi Batra, Anchor and Associate Editor of BTTV discuss in depth with Manas Kapoor, Product Head – Travel Insurance, Policybazaar.com, the benefits of purchasing travel insurance at the time of IRCTC ticket purchase.
The coverage provided by travel insurance is the same for all classes. There is no distinction in terms of premium or coverage. A standard travel insurance policy offered on the IRCTC website includes coverage for mortality and disability. Keeping in view the recent triple train derailment in Odisha, if a passenger dies or suffers a total and permanent disability, Rs 10 lakh will be provided to him/her or their heirs. The insured is entitled to Rs 7,500,000 in the event of permanent partial disability.
The insurance company provides Rs 10,000 for the transportation of a passenger’s corporeal remains to the passenger’s place of residence, a crematorium, or a cemetery, in the event that he or she is hospitalised due to an injury sustained during the train journey.
What types of coverage are provided by IRCTC’s travel policy?
This insurance policy protects against the passenger’s mortality or total/partial disability resulting from an accidental bodily injury sustained during train travel. It also covers the cost of hospitalisation and transportation of the passenger’s mortal remains if he or she dies during the journey due to an accident or other unforeseen event.
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How does the claim procedure work?
To register a claim, the insured or his/her nominee or legal heir must notify the insurance company’s nearest office within four months of the event’s occurrence. The insurance company must receive a comprehensive written statement in accordance with the claim form as well as any other pertinent documentation or proof regarding the incident.
What is the distinction when purchasing tickets through private online portals?
Manas Kapoor: Although there is no difference between reserving tickets through online portals and directly through Next Generation E-Ticketing (NGeT), it is preferable to do so. Otherwise, there is a chance that the insurance company will not be responsible for the claim payment under the travel insurance policy.
Does it make sense to purchase travel insurance through these portals if one already has life insurance, such as Jeevan Jyoti Bima Yojana, personal insurance, or credit card/bank insurance?
In addition to Jeevan Jyoti and personal insurance, consumers should develop the habit of purchasing travel insurance to protect themselves in the event of an emergency while travelling from one location to another.