After ‘92 paise’ scheme, IRCTC may launch insurance for gadgets, laptops

tiger-express-train_3418c0ec-8c82-11e6-8186-8729fcb8a174Indian Railway Catering and Tourism Corporation is planning to launch an insurance scheme for passenger’s gadgets such as phones and laptops.

The scheme may cover both thefts and accidents.

IRCTC officials held a meeting with insurance companies on Friday to discuss the possibilities, managing director A K Manocha said.

There are some concerns that insurance companies have about false claims. We have shared a few ideas with them and also asked for their suggestions.

Offering this policy to credit card holders or government officials in the initial stage is one of the ideas we have floated to mitigate cases of false claims, he said.

I am trying hard to push companies to give insurance cover in instances of theft as well. So far, they have expressed their willingness to offer it only in cases of mishaps, Manocha added.

The proposal was goaded by the success of the ‘92 paise’ travel insurance plan introduced by the IRCTC last month.

It offers insurance cover of up to Rs 10 lakh for a premium of 92 paise in case of accidents or incidents like terrorist attack, dacoity, rioting, shoot-out or arson.

The scheme was an instant success and according to reports, over one crore passengers have opted for it till now.

The IRCTC has decided to reduce the premium from 92 paise to 1 paise for tickets booked between October 7 to October 31, a promotion targeting the Diwali crowd.

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