Just a month after it launched on September 1, around 10 million train passengers in India have opted for the rail insurance scheme, according to the Indian Railway Catering and Tourism Corporation (IRCTC).
 
“The optional insurance scheme has elicited an extremely favorable response from rail passengers. In less than a month, the passenger-friendly measure has been opted for by around [10 million] passengers till Thursday (September 29),” according to IRCTC chairman and managing director AK Manocha.
 
The program allows rail passengers to avail of insurance cover of up to INR1 million (US$15,000) for a premium of just INR0.92 upon booking a ticket online. The policy offers the passengers or their families the maximum amount in case of death or total disability, INR750,000 (US$11,200) for permanent partial disability, and INR200,000 (US$3,000) for hospital expenses.
 
The insurance covers train accidents and other untoward incidents such as terrorism, from departure of the train from the station of origin until arrival at the destination, including the boarding and alighting process.
 
The IRCTC partnered with several insurers, namely ICICI Lombard General Insurance, Royal Sundaram, and Shriram General, to provide passengers with cover.
 

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