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railway travel insurance: Do you know that you can get an insurance cover of Rs 10 lakh for just 45 paise? Know how.

Get 10 Lakh Insurance for Just 45 Paise: Here’s How You Can Benefit

Did you know that you can get insurance coverage of Rs 10 lakh for just 45 paise? Here’s how.

Importance of Railway Travel Insurance

Railway accidents are unfortunate but not uncommon. Many people get injured, and some even lose their lives due to train accidents. This is where Railway Travel Insurance becomes crucial. With Railway Travel Insurance, Indian Railways provides compensation to passengers in case of death or injury during travel.

Affordable Insurance Premium

The insurance premium for Railway Travel Insurance is incredibly low, at just 45 paise. For this minimal cost, you can get coverage up to Rs 10 lakh. However, many passengers are unaware of this beneficial scheme.

Eligibility for Railway Travel Insurance

This insurance is available exclusively for passengers who book railway tickets online. Those who buy tickets from the counter or travel in general coaches do not have access to this scheme. It’s important to note that this insurance is optional. Whether to opt for it or not is up to the passenger. If you choose Railway Travel Insurance, the insurance company will compensate you for any losses suffered in a rail accident.

Compensation Details

  • Death or Complete Disability: In the unfortunate event of death or complete disability of the passenger in a rail accident, an insurance amount of Rs 10 lakh is provided.
  • Permanent Partial Disability: For cases of permanent partial disability, the passenger is given insurance of Rs 7.5 lakh.
  • Medical Expenses: In case of injury, Rs 2 lakh is offered for medical expenses.

How to Avail the Scheme

To take advantage of Railway Travel Insurance, passengers must select the option of optional insurance while booking their tickets online, regardless of their travel category. Here’s a step-by-step guide:

  1. Book Tickets Online: While booking your railway ticket online, look for the option to add travel insurance.
  2. Select Insurance Option: Choose the optional insurance (Railway Travel Insurance Apply) option. You will be charged only 45 paise for the insurance.
  3. Provide Nominee Details: After choosing the insurance option, you will receive a link via email and SMS to fill in the nominee details. Having a nominee in the insurance policy ensures that the claim process is smoother in case of an unfortunate event.

Benefits of Having a Nominee

Adding a nominee to your insurance policy makes it easier to claim the insurance. In the event of an accident, the nominee will be the recipient of the insurance compensation, making the process hassle-free for the family or dependents.

Why Opt for Railway Travel Insurance?

Railway Travel Insurance is a simple and affordable way to protect yourself and your loved ones. For just 45 paise, you get peace of mind knowing that you are covered in case of an accident. It’s a small price to pay for a significant benefit.


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