After ‘Super Saver Scheme’ it’s time for voluntary passenger scheme. Indian Railways is likely to introduce the insurance premium scheme for all the reserved category passengers from next month, i.e., September.The scheme will offer 10 lakh insurance for a premium of 92 paisa.

The new facility will be available to all passengers who book e-ticket excluding suburban trains, through its official website (IRCTC), irrespective of the class ticket and on a trial basis.

Under this scheme, passengers will get a compensation up to Rs. 10 lakhs in the event of death or total disability, Rs. 7.5 lakh for permanent partial disability, up to Rs. 2 lakhs for hospitalization expenses for injury and transportation of mortals remains Rs. 10,000 per passenger.

IRCTC To Launch Passenger Insurance And Unreserved Ticketing From September

This can be availed by booking train ticket online by paying less than one rupee from August 31. The amount will be given for the passengers who met with train accident, terrorist attack, and in case of a shootout.

Railway Minister Suresh Prabhu has announced in his budget meeting about launching the premium train traveller scheme. According to the Railway reports, nearly 13 million are served by the network daily out of which 12 million are unreserved passengers. Those who book tickets through Indian Railway Catering and Travelling Corporation (IRCTC) website only opt for the scheme.

It is being implemented by Indian Railway Catering and Travelling Corporation (IRCTC) in partnership with ICICI Lombard General Insurance, Royal Sundaram General Insurance and Sriram General Insurance. For this scheme, a total of 19 companies had participated in the bidding process, and 17 were found eligible.

IRCTC To Launch Passenger Insurance And Unreserved Ticketing From September

The scheme will not be applicable for the children up to five years and also for foreign citizens. It will be applicable only for the passengers holding confirmed tickets, RAC and waiting list ones.

The insurance is uniform for all classes and option is available through a check-box at the time of e-booking. The premium amount will be automatically added to the ticket fare if the passenger opts for the insurance. In the case of cancellation of tickets, IRCTC will refund the premium ticket fare after the deduction of administrative charges.


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