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Private Insurers Settled Claims Worth ₹7 cr for Railways Passengers, Received ₹46 cr in 2 years
July 23, 2019
According to a new RTI reply, private insurers who are a part of India Railways’ travel insurance scheme earned 46 crores worth of premiums during the past 2 years but paid only 7 crores in claim settlements during the same period.
Today, IRCTC offers travel insurance to railway passengers under a partnership with 3 insurers which are ICICI Lombard General Insurance Company Ltd., Shriram General Insurance Ltd., and Royal Sundaram General Insurance Company. Passengers can opt for insurance cover for a nominal amount of 0.92 per passenger.
Photo credit: B V Ashok on Visualhunt.com / CC BY
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