From September 1, 2016, Indian Railways(by IRCTC) have introduced a unique and very cheap Personal Accident insurance for train passengers. Initially the insurance facility is launched for online booked tickets. It is not available for suburban train passengers.
The maximum insured amount is Rupees Ten Lakhs. The premium is Rs 0.92(Ninety two paise) per passenger ticket.
IRCTC has partnered with a few insurance companies for this.
The column and choice for the insurance will be displayed while booking ticket online. One can select or reject that. In case selected, the premium amount will also be added along with the ticket fare and charges and the final total displayed for payment. Passenger will get policy in email and has to fill nominee details. The insurance is valid only for that particular journey.