Launching the scheme in New Delhi, Railway Minister Suresh Prabhu said, to avail the facility, train passengers have to pay 92 paisa premium.

“A person booking a train ticket through the IRCTC website will be able opt for travel insurance cover for a premium of 92 paise only from 31 August, said a senior Railway Ministry official.”

Indian Railways has selected 3 insurance companies  Shriram General Insurance, ICICI Lombard General Insurance and Royal Sundaram General Insurance for insuring its passengers.

“The cover will not be applicable for children upto 5 years of age and NRI cit . It will be for passengers holding tickets such as confirmed, RAC and waiting listed ones, said the official.”

The scheme offers travellers/nominees/legal heirs a compensation of Rs 10 lakh Rupees in the event of death or total disabilty, Rs 7.5 lakh for partial disability, upto Rs 2 lakh for hospitalisation expenses and Rs 10,000 for transportation of mortal remains from the place of a train accident or where an untoward incident, including terrorist attack, dacoity, rioting, shootout or arson, occurs.