Indian Railways is one of the largest Railway Network in the world has launched a new Voluntary Passenger Travel Insurance 2016. The travel insurance is a discretionary that presents to 10 lakh remuneration in case of death or halfway inability brought about in train mischance.
This travel insurance policy is available only for Indian citizens who book the e-ticket through Indian Railways Official Website www.irctc.co.in, irrespective of the class booked. As an introductory plan, the Voluntary Passenger Travel Insurance 2016 is available for all classes of reserving for a base premium of Re 1. The premium will be expanded sooner rather than later in view of the underlying audit and traveler’s criticism.
The Voluntary Passenger Travel Insurance 2016 is being executed by IRCTC in association with ICICI Lombard General Insurance, Royal Sundaram and Shriram General.
How to Pay Travel Insurance Premium?
There’s a checkbox that you can see at the time of booking the e-ticket, simply select it and the premium sum will be added to the aggregate ticket fare.
Will I Select Nominee?
Yes, obviously. In the wake of making installment for your ticket and premium, a message will be shown and that gives you a chance to proclaim nominee details for your travel insurance.
What amount is the Premium?
The premium for Voluntary Passenger Travel Insurance 2016 is less than Re 1, only 92 paise per traveler comprehensive of all charges.
Where to check Policy subtle elements?
Subsequent to booking the e-tickets, you’ll receive a policy details to your registered mobile and email id.
Who is Eligible for Premium?
Every single Indian national is qualified for travel protection. Kids beneath 5 years old are qualified for travel protection.
What is the Compensation of Travel Insurance?
The scheme offers travelers or their families’ compensation of up to Rs 10 lakh in the event of death or permanent total disability, Rs 7.5 lakh for permanent partial disability, up to Rs 2 lakh for hospitalization expenses and Rs 10,000 for transportation of mortal remains in the event of death.
Hospitalization costs can likewise be guaranteed if there should arise an occurrence of harm from a train mischance or other ‘untoward episode’ including psychological oppressor assaults, dacoity, revolting, shoot-out or illegal conflagration, and in addition for short end, occupied course and Vikalp trains.
What is trip?
Trip means the actual departure of train from the originating station to actual arrival of train at the destination station as mentioned in booked ticket through which insurance cover has been opted including ‘process of entraining’ and ‘process of detraining’ the train for which the Insured has paid the Premium.
How to Initiate Claim?
The Insured or his nominee, or legitimate beneficiary might convey to the closest office of the Insurance Company, not later than 4 months from the date of event of the Insured Event, a point by point proclamation in composing according to the case structure and some other material specific, significant to the making of such claim.
The Insured or his nominee or legal heir shall tender to the Insurance Company all reasonable information, assistance and proofs in connection with any claim hereunder.
Proof in accordance with the policy details shall be furnished to the Insurance Company in connection with all matters upon which a claim is based.
How long will it take for Settlement?
Benefits payable under this policy will be paid within 15 days of the receipt of last necessary document.