Indian Railway Passengers can now opt-out of its automated travel Insurance

Passengers who make their train ticket reservations via the IRCTC portal are being granted an added benefit of insurance coverage, with a substantial 10 lakh INR coverage amount. Those who do not wish to be covered by this insurance have the flexibility to opt out effortlessly by clicking on the appropriate button provided.

The cost of taking this comprehensive personal accident insurance, which guarantees coverage of 10 lakh INR, is just 0.35 paise – an intriguingly minimal amount. This policy ensures financial protection in case of unfortunate incidents such as death, disabilities, or medical expenses if any unfortunate train accidents happen during the journey.

Shifting gears, the Indian Railway Catering and Tourism Corporation Ltd (IRCTC) has transitioned its policy surrounding the INR 10 lakh personal accident insurance cover. It started as a default feature, but now, the passengers can opt-out of this scheme.

To put it simply, according to a senior official in the insurance industry who spoke with the news agency, passengers who utilize the IRCTC portal to book their train tickets are now provided with automatic insurance coverage of INR 10 lakh. Passengers who prefer not to be covered by the insurance need to indicate their choice by clicking the appropriate button to opt-out.

This comprehensive policy offers coverage for incidents like death, disabilities, and medical expenses resulting from train accidents during travel. The insurance cover is provided by two non-life insurers - SBI General Insurance Company Ltd and Liberty General Insurance Company Ltd.