July 22, 2024

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Should You Purchase Travel Insurance For Your Train Journey?

IRCTC changes train travel insurance rules. Here's how to insure your train  journey at 68 paise | Mint

Travelling by train can be convenient and enjoyable for exploring new destinations or commuting to different cities. It offers a unique perspective of the landscapes, eliminates the hassle of traffic congestion, and allows travellers to relax and enjoy the journey. While train travel is generally considered safe and reliable, unexpected events can still disrupt your plans and leave you facing unexpected expenses. This raises an important question: Should you purchase Bajaj travel insurance for your train journey? This discussion examines the advantages and factors to consider when getting Bajaj Allianz travel insurance for your train journeys.

Even though not many people give free or paid travel insurance any thought, it is a crucial issue that needs to be addressed. The decision to purchase travel insurance has numerous advantages. Therefore, there is simply no downside. 

This is why, if you weren’t aware of it, you should choose to train Bajaj Allianz travel insurance.

Train Travel Insurance Advantages

1) Your travel insurance covers up to INR 10 lakh in the event of a railway disaster (for passing away or any permanent disability caused).

2) Insurance coverage of INR 7.5 lakh is provided in the event of permanent incapacity. This is on top of the INR 2 lakh in hospital costs.

3) The insurance covers accidents, theft, and looting. ^

IRCTC Train Travel Insurance Eligibility

1) Any traveller purchasing an electronic train ticket through the IRCTC website or mobile app can purchase (optional) rail travel insurance for just 68 paise. A similar regulation is followed by Indian airlines as well, although the payout is much higher.

2) This travel insurance is not available for children under five.

3) Foreign applicants are not permitted to apply for this insurance; only Indian citizens may. 

You will get a message and an email from the insurance company with the policy documentation once you have paid for your ticket and insurance.

How Can You Receive Your IRCTC Insurance Funds?

Passengers can file a compensation claim in case of a train disaster or mishap with the IRCTC, which partners with three of the nation’s top travel insurance companies. While submitting a claim, you can get in touch with your provider.

The decision to purchase travel insurance for your train journey ultimately depends on your circumstances, travel plans, and personal risk tolerance. Although train travel is generally safe, unforeseen events like accidents, delays, cancellations, or lost luggage can still disrupt your trip. Travel insurance provides a financial safety net that can help mitigate the financial burden and inconvenience caused by such incidents. ^

Train travel insurance provides peace of mind, safeguarding against unexpected disruptions and financial losses. Make sure you learn the right process of how to buy travel health insurance.

Whether or not to purchase travel insurance for a train journey depends on various factors, including the value of your tickets, the duration of your trip, and your personal circumstances. While train travel is generally considered safe, unexpected events like trip cancellations, delays, or medical emergencies can still occur. Travel insurance can provide financial protection and peace of mind in such situations, especially for longer or more expensive journeys. It’s essential to weigh the cost of the insurance against the potential benefits and consider your individual needs and risk tolerance when making the decision.

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^ Claims are subject to terms and conditions set forth under the travel insurance policy.

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.