New Insurance scheme: Railway has offered a bonanza to its users

This is applicable to all passengers who meet an accident during journey,excepting those who travel in suburban trains. In case of death compensation payable is Rs 10 lakhs and loss of limb Rs 7.5 lakhs. The scheme will be implemented in the first phase in some sectors on an experimental basis and may be extended later to other sectors

Arnima Dwivedi

Arnima DwivediBy Arnima Dwivedi

Published on 31 Aug 2016 9:11 AM GMT

New Insurance scheme: Railway has offered a bonanza to its users
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New Delhi: The Indian railway will implement from Thursday an scheme which is the first of its kind in the country and may be unparalleled in other parts of the world. A rail user in the country who buys E-ticket will get an insurance cover of as much as Rs 10 lakhs by paying a premium of less than a rupee.

This is applicable to all passengers who meet an accident during journey,excepting those who travel in suburban trains. In case of death compensation payable is Rs 10 lakhs and loss of limb Rs 7.5 lakhs. The scheme will be implemented in the first phase in some sectors on an experimental basis and may be extended later to other sectors.

Under the scheme, if a passenger is hospitalised due to some injury ,the railway will meet his treatment expenses up to Rs two lakhs.

However, it is optional. If a travellers does not wish to avail this facility there is no need for him to fill additional column printed for payment of premium.

Children below five years of age have not been kept out of the scheme. But their guardians will be required to give details about them.

Arnima Dwivedi

Arnima Dwivedi

A journalist, presently working as a sub-editor with newstrack.com. I love exploring new genres of humans and humanity.

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