Insure Your Travel for ‘almost’ free

Ever wondered about the value of one rupee while tossing a coin to a beggar at a traffic light or a holy place?  Well… its worth could be as high as Rs10 lakh for your family! Next time, while you are booking tickets from a railway counter, do not ignore that box asking you to opt for the 92 paisa insurance. The Indian Railway Catering and Tourism Corporation (IRCTC) insures a passenger’s life for Rs10 lakh, which the family is entitled to receive in case of an unforeseen accident resulting in a passenger’s death. On July 20, this year the Supreme Court passed a directive making third-party insurances mandatory for new vehicles, both cars and two-wheelers, to be sold from September 1. For two-wheelers, the insurance period would be five years and for cars, it would be three years.  Rakesh Jain, Executive Director and CEO, Reliance General Insurance, says...