IRCTC ticket booking: No more free, Indian Railways to charge you for this benefit

Indian Railways train ticket booking from Indian Railways Catering and Tourism Corporation (IRCTC) is going to pinch your pocket a little more from September 1. The IRCTC has decided to do away with free travel insurance it used to provide to commuters traveling on e-tickets. 

Now, a user will have an option to opt-in or opt-out of travel insurance. The IRCTC has been giving free travel insurance since December 2017 to promote digital transactions. It is also notable that the corporation had waived of ticket booking charge for users making payments via debit cards. 

The IRCTC travel insurance is uniform for all classes and gives a maximum cover of Rs 10 lakh in case of death during the train journey, Rs 7,50,000 in case of permanent or partial disability, Rs 2,00,000 in case of injuries and Rs 10,000 for transportation of mortal remains. 

TRENDING NOW

Shopping mall area to rise 35% over next 3-4 years: Crisil Ratings

SBI Fixed Deposit (FD): How much return will you get on Rs 5 lakh investment in 1, 2, 3, 5 and 10 years?

India approves new finance panel to suggest sharing of federal taxes

LIC offers guaranteed return plan with the launch of Jeevan Utsav

Axis AMC eyes Rs 3 lakh crore AUM by March; expects Rs 2,500 crore from new fund

Flair Writing IPO: Check allotment status, new listing dates and other details

D-Street Newsmakers: Tata Motors, IREDA, Zomato among 10 stocks that buzzed the most today

Yatharth Hospital suffer worst single-day fall ever; what is worrying investors?

Tata Motors share price crosses Rs 700 mark ahead of Tata Tech listing

Mizoram Election Results 2023: Check out date, time of counting of votes, result announcement of 40 Assembly seats

Hinduja Group on income tax radar; IT department conducts surveys at Hinduja Global Solutions and Ashok Hinduja's residence

Sebi bans 9 firms from securities market for 2-yrs for flouting investment advisory rules

Aster DM stock hits an all-time high after board separates its India and Gulf businesses

Swiggy's food delivery sales up 17% to $1.43 billion in H1FY24: Prosus

TVS Motors, Hero MotoCorp, Tata Motors rise after FADA releases data on festive season

However, any child below 5 years of age is not covered under this insurance. The IRCTC had tied up with ICICI Lombard General Insurance, Royal Sundaram General Insurance and Shriram General Insurance for providing travel insurance. It used to pay 92 paise per commuter to the insurance firm. The amount adds up to Rs 1 including tax. Now a traveller will have to bear this expense. 

However, it has not yet been confirmed how much a commuter will have to pay to get insurance. An IRCTC official said that the charges will be announced soon.