If you have responsibilities or you have a family, then you must have life insurance. However, people often get confused on which life insurance should be taken or which should not be taken. But, the insurance policy that we are going to tell you about today can be called the cheapest insurance in the country. You get it for just 45 paise and it provides insurance cover up to INR 10 lakh.
Which insurance is this?
The insurance we are talking about is known to you as IRCTC’s travel insurance policy. Whenever you book a train ticket, a travel insurance policy is also available with it. If an accident happens during a train journey and you die or get seriously injured, then this travel insurance policy comes in handy.
Earlier this policy was available for 35 paise only, but now it is available for 45 paise. However, even after this it is the cheapest insurance policy in the country. However, it is valid only for a few hours. That is, it is valid only as long as you are traveling by train. As soon as you reach your destination, this policy becomes useless.
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How much cover is available?
Three types of cover are given under this travel insurance policy of IRCTC. If you die due to a train accident, then in this situation your family gets coverage of up to INR 10 lakh under this travel insurance policy. At the same time, if you become completely disabled during the journey in a train accident, then also you are given a coverage of INR 10 lakh.
Whereas, if your disability is temporary due to an accident, then you are given a coverage of INR 7.50 lakh. At the same time, if you get injured in a railway accident and you have to undergo treatment, then this travel insurance policy of IRCTC works in this situation as well. Under this, you are given a cover of up to INR 2 lakh in such a situation.