Are you planning a trip? If yes then you might be thinking about fun and time that you will spend with your family on your trip. At the time of trip have you ever think about insurance? If not before then it is the time to think about the travel insurance before hitting on the road. Because of the rising accidents, the railway system offers the insurance policy to safeguard yourself financially from any future damage.
If you ignore the think insurance then this can turn your best moments into a Nightmare that you will never forget in your life. If you want to know about rail travel insurance then here are the top five things which you should know about rail travel insurance.
How to get insured??
When you book your ticket on the IRCTC website then before making the payments of the tickets you have purchased there will be an option which you can see on the website to take the rail insurance. For this, you will be charged additional than your texting amount and you will get insured on that spare amount which will be very less. However, if you have children below 5 years of age then they can’t be covered under insurance.
Other than the children of less than 5 years of age, the persons of the foreign countries are not covered under this insurance. Only an individual with more than 5 years of age and a citizen of India can avail rail travel insurance.
Why rail travel insurance is important?
Day by day the accidents in the Indian Railways are rising. Even the accident in Indian Railways has become a major issue for the passengers. However, you cannot avoid any kind of help for physical loses through rail insurance but you can save your future financially through it. To save your future financial in it is recommended you to get rail travel insurance before planning a trip.
Benefits you will get under this policy?
Before opening rail travel insurance you should know the benefits of it. You will get an accidental coverage during the time of travelling into the rail. In case if an accident occurs by the collision of the two trains or by derailing of the train then the nominee of the passenger can claim the compensation.
In this policy, the coverage will be given based on the permanent disability permanent total disability or permanent partial disability or death. The hospitalization charges will be covered under this policy.
When the nominee claim for the settlement?
The nominee of the passenger should claim the insurance company before 4 months from the date of the accident. Meaning of the policy will get paid through NEFT process. The planning process and getting the benefits are really very easy so you don’t have to worry about documentation or paperwork. However at the time of the settlement the insurance company I ask you about KYC documents of the insurer.
No claims will be entertained in case of fraudulent activity: In the case of fraudulent activity, no benefits are given.
Get to know about the benefits of the policy
If the passenger dies or gets permanent to disable than 100% of the sum assured amount will be given to the nominee or passenger within 12 months after the date of the accident.
- In case if the passenger gets permanent partially disable than 75% of sum assured will be paid to the passenger itself.
- 20% of the medical charges will be paid by the government or insurer of the policy in case of the future treatments.
These are the various points which you should know about rail travel insurance so that you can get benefits of rail travel insurance if any miss happen occurs in your life.