Get ₹10 lakh insurance cover for less than ₹1: Know the facts about railway terms and conditions.

When booking a train ticket, travel insurance costing less than one rupee can provide coverage of up to ₹10 lakh. However, this benefit applies only to specific railway accidents, not to every illness or accident.

If you travel frequently by train and book tickets online, it is crucial to pay attention to the railway travel insurance option available during the booking process. When booking tickets online via IRCTC, passengers are offered the option to purchase travel insurance for a very low premium. Although the cost is less than one rupee, it can provide coverage of up to ₹10 lakh in the event of accidental death or permanent total disability.

Essentially, this insurance offers protection against specific accidents occurring during rail travel but does not cover every illness or every type of accident. Therefore, before purchasing the insurance, it is essential to understand the circumstances under which benefits are available and the cases where a claim cannot be made. Let us look at some key details regarding railway travel insurance.

How much insurance cover do you get for less than one rupee?

The travel insurance offered while booking a railway ticket is an optional facility. Under this, the insurance amount payable varies depending on the circumstances and the policy terms and conditions.

Accidental death: Coverage of up to ₹10 lakh.
Permanent total disability: Coverage of up to ₹10 lakh.
Permanent partial disability: Coverage of up to ₹7.5 lakh.
Hospitalization: Coverage of up to ₹2 lakh for medical treatment following an injury in a covered accident.
Transportation of mortal remains: A benefit of up to ₹10,000 is available for this.
However, the actual payout depends on the specific terms of the insurance policy.

Under what circumstances is the insurance payout made?

If a passenger suffers harm due to a train accident or a train derailment. If a passenger is covered under the insurance policy and meets with an accident while boarding or alighting from the train.
In the event of permanent disability resulting from the accident.
Upon hospitalization due to the accident, provided medical expenses are covered under the policy.
In the event of death due to the accident, the nominee may receive the payout as per the policy terms.

Under what circumstances is the insurance not applicable?

Death due to a general illness.
Treatment for a pre-existing medical condition.
Missing the train or train delays.
Accidents occurring outside the scope of the train journey.
Incidents not covered under the terms of the insurance policy.