PM Rail Yatri Bima Yojna 2024: Indian Railways Travel Insurance Scheme for Passengers: Indian Railways has introduced the passenger travel insurance Yojana, which was announced in the Budget. Railways is offering insurance coverage of Rs 10 lakh under the new program for just 92 paise in premiums.
When purchasing a ticket on the IRCTC website, the premium can be paid. Insurance is not required, but you have the freedom to select the coverage. All customers who purchase electronic tickets and travel by passenger train, with the exception of suburban trains, can use this service. All classes have access to the facilities. International nationals and children under the age of five are not eligible for insurance coverage. Passengers with confirmed, RAC, or waitlisted tickets may use this service.
About PM Rail Yatri Bima Yojna
In the event that the designated person dies or becomes totally disabled, the insurance firm will pay Rs 10 lakh under the Indian Railways Passenger Travel Insurance Scheme. In the event of a partial disability, up to Rs 2 lakh will be given for hospital costs. Transportation of deceased remains from the scene of a rail disaster or from any other adverse incident, such as a terrorist attack, robbery, riot, shooting, or arson, may cost up to Rs 10,000. Should a ticket be canceled, the Indian Railway Passenger Travel Insurance Scheme premium would not be reimbursed.
Pilot Project for PM Rail Yatri Bima Yojna
Beginning in September 2016, Indian Railways launched a pilot program for the Passenger Insurance Scheme, which offers customers an insurance cover of Rs 10 lakh for a minimal price of just 0.49 paise per ticket. In the event of a train accident, there was insurance coverage of Rs 10 lakh in case of permanent disability or death.
IRCTC had shortlisted 17 insurance companies to carry out the project; three of them were chosen in the end. The passengers had insurance coverage thanks to these insurance providers. The Budget 2016–17 included the announcement of the intention to introduce a passenger insurance program. Indian Railways has now introduced the Optional Passenger Insurance Scheme following the pilot project’s successful completion.
Coverage amount in PM Rail Yatri Bima Yojna
The PM Rail Yatri Bima Yojana will offer the following insurance coverage.
- In the event of a permanent handicap or death, Rs. 10 lakh
- Rs 7.5 lakh in case of injuries or partial disability
- Rs 5 lakh for medical care
- Ten thousand rupees for the transportation of the dead
- Online ticket buyers have the option to purchase insurance. The length or distance of the trip will determine how much the premium is.
This program, which was first introduced as a pilot project, is currently in effect for ticket purchases made online. Visit the official scheme website at http://contents.irctc.co.in/en/InsuranceTermCondition.pdf for further information.
FAQs: PM Rail Yatri Bima Yojna
What are the benefits of the PM Rail Yatri Bima Yojna?
Beginning in September 2016, Indian Railways launched a pilot program for the Passenger Insurance Scheme, which offers customers an insurance cover of Rs 10 lakh for a minimal price of just 0.49 paise per ticket. In the event of a train accident, there was insurance coverage of Rs 10 lakh in case of permanent disability or death.
How many Insurance Companies are shortlisted by IRCTC?
IRCTC had shortlisted 17 insurance companies to carry out the project; three of them were chosen in the end.
How can I pay the premium of the PM rail Yatri Bima Yojana?
When purchasing a ticket on the IRCTC website, the premium can be paid.
What are the age Criteria for this PM Rail Yatri Bima Yojna Insurance Coverage?
All classes have access to the facilities. International nationals and children under the age of five are not eligible for insurance coverage. Passengers with confirmed, RAC, or waitlisted tickets may use this service.
If a ticket is canceled, can I get the Insurance Coverage Benefits?
Should a ticket be canceled, the Indian Railway Passenger Travel Insurance Scheme premium would not be reimbursed.
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