Cheapest IRCTC Insurance: Currently, insurance is extremely much needed yet people don’t want to opt for it much since the premium is very high to afford. What if we told you that you could have this insurance cover of ₹10 lakh for just 45 paise? Yes, you got it right! IRCTC offers this scheme to train passengers only, which singly makes it the most affordable insurance in India. So let’s check out the details to know how this works and understand its advantages.
Who Can Avail of This Insurance Cover?
The insurance scheme is only applicable for passengers who booked an online ticket at IRCTC for traveling by train. There are some conditions that have to be satisfied to be applicable:
- the cover is valid only for confirmed, RAC(reservation against cancellation), or partially confirmed tickets.
- Children below the age of 5 years cannot avail this scheme. However, benefits from this scheme can be accessed by children aged between 5 and 11 years.
- completely optional insurance. This is selected at the time of ticket booking.
Advantages Provided by the Scheme of This Insurance
The scheme grants coverage of finances under various conditions as given below:
- Death due to Train Accident: The beneficiary family’s death due to a train accident becomes income of ₹10 lakh.
- Permanent Total Disability: A passenger surviving permanent total disability is entitled to compensation of ₹10 lakh.
- Permanent Partial Disability: ₹7.5 lakh is provided for permanent partial disability.
- Costs of Hospitalization: ₹2 lakh coverage is granted with respect to medical expenses incurred due to injuries.
- Transport of Mortal Remains: An amount of ₹10,000 is written for the transportation charges of the deceased passenger’s body.
Why Is This Scheme Beneficial?
- Low Cost, High Returns: It’s hard to get past 45 paise for a cost that really covers everything. Where the similar kinds of insurances cost thousands of rupees, this is really exceptional.
- Peace of Mind During Travel: Travel on the trains, especially long distance travels, already involves some risks, and so this insurance would allow hassle-free security in case of untoward happenings, much needed peace of mind for passengers and families.
- Streamlined Claim Process: The claims are directly settled between the policyholder and the insurance company ensuring an absolutely hassle-free process.
How to Avail of This Insurance?
This insurance can be activated with the following steps:
- Book your train ticket through IRCTC’s official portal or application.
- While booking, select the “Travel Insurance” option.
- By paying only that additional 45 paise, your insurance cover is active.
- All the details of the insurance will be sent to the registered email.
Is This Scheme Mandatory?
This scheme is entirely voluntary, but all things considered, with such a low cost and so many benefits, who wouldn’t want this?
Limitations of the Scheme
- Insurance will not apply for children under the age of five.
- Covers only confirmed, RAC, and partially confirmed tickets.
- The policyholder must contact the insurance company directly for claims.
Why Should You Opt for This Insurance?
Millions of passengers travel from one part of India to another with trains every day and, as everyone knows, mostly their journeys are safe. But anything can happen at that moment when least expected. Train accident insurance is financial security for you and your family during emergencies.
- Genuine and Trustworthy: IRCTC scheme is backed by government-approved insurance companies, making it reliable.
- Affordable: It costs as little as 45 paise, and is suited to everyone from regular travelers to casual passengers.
Last Words about Cheapest IRCTC Insurance
Such insurance cover amounting to ₹10 lakh is not a luxury but a necessity for any train traveler-the bargain price, the all-inclusiveness, the peace of mind during travel, would really make such journey easier. So the next time you are booking a train ticket, do remember to include this insurance and make your travel journey safe and secure.
45 Paise for Safety, Security, and Peace of Mind – Choose IRCTC Insurance Today!
Braj Verma is a resident of Rajgarh in Madhya Pradesh and is a content writer and freelancer by profession. He has a degree in Political Science from Barkatullah University, Bhopal. He has expertise in subjects like credit cards, banking, loan, insurance, political analysis and digital marketing.