Tuesday, 26 July 2016

IRCTC To Start Passenger Insurance With Sum Assured Of Rs 10 Lakh


IRCTC To Start Passenger Insurance

Indian Railway Catering And Tourism Corporation,
introduced passenger insurance for unreserved ticketing: On Friday the Indian Railway Catering and Tourism Corporation reported that it was launching a host of initiatives that includes passenger insurance and unreserved ticketing.

Arun Kumar Manocha Chairman and Managing director of IRCTC in Mumbai said that “they are going to start passenger insurance very soon in this year and he reminded that they have already passed a letter to three companies which were shortlisted.

Read Also: Rail Budget

Good news for passenger that the insurance will cost less than Rs. 2 per a trip with a sum insured amount of Rs. 10 lakh”. IRCTC is going to Launch New Passenger Insurance and Unreserved Ticketing. IRCTC also introduced paying for digital payments through the SBI’s mobile wallet Buddy. 

For this on Friday both IRCTC and the State Bank of India agreed and tied up for this digital payment. As public sector is undertaking of the Railways, which runs catering, tourism, and Internet ticketing activities.

Indian Railway Catering and Tourism Corporation is Going to Launch New Passenger Insurance and Unreserved Ticketing

On Friday it was launching a host of initiatives, that includes passenger insurance and unreserved ticketing. Arun Kumar Manocha Chairman and Managing director of IRCTC  in Mumbai said that “they are going to start passenger insurance very soon in this year we have already passed a letter to three companies which were shortlisted. The insurance will cost less than Rs. 2 per a trip with a sum insured amount of Rs. 10 lakh”.


Manocha said that Indian Railway Catering and Tourism Corporation works with several institutions like private and public sector and Central Food Technological research institute, an institute of hotel management, Catering, and Nutrition”. He also wants to spread  the initiative in other areas also for railway ticketing activities.

Indian Railway Catering and Tourism Corporation E-Wallet

Indian Railway Catering and Tourism Corporation are improving the android app for cancellation and refund process of the e-ticket. It is planning to invite its own e-wallet in a renewed form. E-Wallet will be launched by Dussehra or Diwali most probably in October.


Manocha said that “There was no failure in card payment hardly it is of 2-3 percent. So, by seeing card payment we are launching e-Wallet by hoping the same result in the renewed form. It will be free for first three months by linking PAN card currently later it will also add the link of Aadhaar card very soon.

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