New Delhi: Private insurance companies received a premium of around ₹46 crore in the last two years from railway and its passengers while making a payout of only ₹seven crore in claims under the national transporter's travel insurance scheme, an RTI has found. This facility is for confirmed/RAC railway passengers who booked e-ticket through the official website of Indian Railway Catering & Tourism Corporation (IRCTC). While the national transporter bore the insurance premium till August 31, 2018, the cost was transferred to passengers since and the premium was revised to ₹0.49 per passenger in October 2018. According to the RTI reply received by Madhya Pradesh-based social activist, Chandra Shekhar Gaur, while IRCTC has paid ₹38.89 crore to insurance companies, passengers have so far paid ₹7.29 crore in the past two years. Insurance companies received 206 claims in the two years, while 72 were rejected.

Source: Mint July 21, 2019 05:48 UTC