The Indian Government has said that starting from September, passengers booking tickets through the IRCTC website can avail of a travel accident cover for a premium as low as Re 1 for an insurance cover of Rs 10 lakh.
Commenting on the development, IRCTC Chairman-cum-Managing Director AK Manocha told the media, "The insurance cover is besides the compensation given by the Railways in case of accidents to valid ticket holders. The insurance would provide coverage against death, injury and disabilities caused due to accidents."
"At the moment, the insurance offer is under integration process and we expect it will be operationalised from September," he added.
The MD further added that compensation would be also provided by the insurance company in case of hospitalisation due to train accidents. However, it is the passengers' choice to opt for the insurance as it is a voluntary offer.