IRCTC (Indian Railways) Travel Insurance Policy - Booking Train Tickets?

You might have sure heard your parents talking about how mere 50 paise meant a great deal in their growing up years. But fast forward it to the present, and you don’t really have a whole lot of buying options if you only have 50 paise.But what if you were able to purchase travel insurance in less than 50 paise? In 2018, Indian Railways introduced optional travel insurance with a cover of up to Rs. 10 lakhs for passengers who purchase train tickets from IRCTC. While this insurance was free in the beginning, it is now priced at 49 paise.Let us have a detailed look at what this insurance is and how it works-

The travel insurance that passengers can purchase at 49 paise while purchasing their train tickets is standard travel insurance. It offers a coverage of up to Rs. 10 lakhs and covers events such as train accidents leading to death or permanent disability of the passenger and even robbery, loot, and other hazards.If you do purchase this travel insurance, your journey from the point of origin to the destination will be covered for only 49 paise.

The travel insurance is only available if you purchase train tickets from the official IRCTC web portal or mobile app. At the time of making payment for your tickets, you can tick the travel insurance box for purchasing insurance.But do note that if you tick the insurance box, every ticket purchased on the same PNR will have its individual travel insurance. For instance, if you’ll be travelling with four of your family members and book tickets for all of them at once on the same PNR, you will have to purchase travel insurance for each one of them by paying 49 paise for each policy.

Every Indian citizen booking tickets from IRCTC platform can purchase this travel insurance. However, the insurance is not available for children below 5 years.Once you tick the insurance box and make the payment online, you will receive the policy documents directly from the insurer through email. You also have the option not to purchase the insurance. But travel insurance in India with a cover of up to Rs. 10 lakhs at only 49 paise is definitely an excellent deal which nobody should miss.Any Indian traveller may purchase this railway travel insurance at the time of ticket purchase. However, users can only choose this option if they book it through the IRCTC mobile application or the official IRCTC website.Another thing to keep in mind is that this insurance is not available to foreign nationals or children under the age of five. Only citizens of India are eligible to get this benefit.You will receive a confirmation message on your phone and the registered email IDs as soon as you choose an option and purchase the ticket. The insurance provider will also give customers a link to submit their nomination information.Keep in mind that there are no refunds or cancellations available for the premium. If the insurance option is chosen, then the coverage will be extended to all bookings booked under a single PNR.

Travel insurance is one of the best ways to protect yourself financially against the risks of travelling. And no mode of transport, be it airways or railways, is protected from such risks.So, do consider opting for this travel insurance every time you book tickets at IRCTC and experience a higher level of protection for each of your train journeys.

While most people choose not to insure their domestic travel, we have all heard of several tragic railroad mishaps. What can you do in the event of a railway accident? Many people are involved in these terrible events and suffer injuries, disabilities, or, even worse — pass away. Due to such circumstances, it's crucial for people to purchase IRCTC travel insurance to ensure their loved ones will receive financial support.All of IRCTC's customers who purchase tickets online can purchase travel insurance plan . All train classes are uniformly covered by this affordable insurance, which has a death benefit of up to Rs. 10 Lakhs.

You can contact the appropriate insurance carrier in the event that your train is involved in an accident, or you find yourself in a position to make a travel insurance damage claim . Three insurance providers currently offer train insurance when purchasing tickets via the IRCTC app or website.Contact the insurer as soon as possible to ensure a speedy payout. If the nomination information is incomplete, then claims will be resolved with the legal heirs.

IRCTC travel insurance is optional and not mandatory.

1. This perk is only accessible when purchasing a train ticket via the IRCTC website or app. This implies that those who purchase their tickets in person or without using a smartphone or the Internet are unable to purchase this insurance.2. The fact that this feature is exclusively available to Indian citizens and not to foreigners employed or residing in India is a downside.3. Other occurrences, such as lost luggage, delayed trains, personal liability, etc., are not covered by the insurance; it only provides compensation for death, disability, and injuries brought on by train accidents.

The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.