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Indian Railway Catering and Tourism Corporation on Friday said it is launching a host of initiatives, including passenger insurance and unreserved ticketing.

IRCTC charges less than Rs 10 per ticket from travelers for an insurance cover of Rs 10 lakh in case of death or permanent disability caused in train accident.As of now this scheme is lauches on trial basis only for online ticket booking but soon it will be lauches throughout the india on railway ticket counter.

Railway Minister Suresh prabhu earlier announced passenger insurance scheme in railway budget earlier this year.

Under the scheme, a passenger will get an insurance cover of Rs 10 lakh in case of permanent disability or death, Rs 7.5 lakh for partial disability or injuries and Rs 5 lakh for hospitalization an Rs 10,000 for transportation of mortal remains.

Arun Kumar Manocha, Chairman and Managing director of IRCTC quotes “We are going to start passenger insurance soon and have already issued letter of award. We have short-listed three companies. The insurance would cost less than Rs. 2 per trip for a sum insured of Rs. 10 lakh.”

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