December 2016 Current Affairs

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Railway launches insurance scheme for passengers travelling on e-ticket

Railway launches insurance scheme for passengers travelling on e-ticket
02 September 2016 Current Affairs: Railway Minister Suresh Prabhu has launched an insurance scheme for passengers travelling on e- ticket on 1 September 2016 . The insurance cover will be up to 10 lakh rupees.

The insurance coverage will be available in case of train accidents and other untoward incidents, including terrorist attack, dacoity, rioting, shooting or arson.



Features of the Scheme : A person booking a train ticket through the IRCTC website will be eligible for the travel insurance and it is optional.To avail the facility, train passengers will have to pay 92 paisa premium.

The insurance cover will not be applicable for children up to 5 years of age and foreign citizens.The facility will be available only for confirmed and RAC ticket passengers.There will be no refund of the premium in case of ticket cancellation.

The scheme offers travellers or nominees a compensation of 10 lakh Rupees in the event of death or total disabilty, 7.5 lakh Rupees for partial disability, up to 2 lakh Rupees for hospitalisation expenses and 10000 rupees for transportation of mortal remains from the place of a train accident.

The compensation claim has to be made within four months of the incident and the insurance company is required to process the claim within 15 days of receipt of the require documents.

Shriram General Insurance Company, ICICI Lombard and Royal Sundaram General Insurance have been roped in by Indian railways for providing the insurance cover.


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS



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