Home / Business and Economy / 45 Paise Insurance Premium Now Digital-Only for Rail Passengers
45 Paise Insurance Premium Now Digital-Only for Rail Passengers
26 Oct
Summary
- Digital payments required for optional travel insurance starting October 27.
- The 45-paise premium cannot be paid in cash due to withdrawn coin denominations.
- Ticket cancellations will result in forfeiture of part of the insurance premium.
As of October 27, 2026, railway passengers opting for optional travel insurance will need to complete their 45-paise premium payment digitally. This directive stems from a Supreme Court order necessitating digital transactions for insurance premiums, making cash payments for this small sum impossible due to the withdrawal of certain coin denominations. The Centre for Railway Information Systems (CRIS) has finalized the necessary software modifications.
This digital-only payment approach is being extended to physical reservation counters, mirroring the existing online booking process. Passengers cancelling their tickets will incur a forfeiture of 9 paise from the 45-paise premium, in addition to standard cancellation charges. The optional travel insurance scheme, active since February 17, 2024, provides coverage up to Rs 10 lakh for death and other benefits, with the premium inclusive of taxes.
Mobile numbers are now mandatory for passengers to ensure accurate policy issuance by the insurance company. The scheme is applicable to confirmed, RAC, and partially confirmed tickets, including cases where a single PNR has a mix of waiting list and confirmed passengers.
