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Have you ever travelled by a train? Most likely, your answer would be a resounding yes. It is impossible to escape <keyword id="19909154" type="General" weightage="20" keywordseo="Indian-railways" source="keywords">Indian railways</keyword> while travelling across the country. For most of us, trains are reminiscent of long distances, childhood memories and much more. However, they are slowly morphing into reminders of terrible accidents as well. About 9 people lost their lives this morning, while 60 others were gravely injured when a goods train collided with the <keyword id="22085842" type="General" weightage="100" keywordseo="Sealdah-Kanchenjunga-express" source="Orion">Sealdah-Kanchenjunga express</keyword> near New Jalpaiguri, <keyword id="19896517" type="General" weightage="20" keywordseo="west-bengal" source="keywords">West Bengal</keyword> this morning. Just last year, 290 individuals died and 1,200 others were seriously injured when the <keyword id="899925" type="General" weightage="20" keywordseo="coromandel-express" source="Orion">Coromandel express</keyword>, <keyword id="22085843" type="General" weightage="20" keywordseo="smvt-howrah-superfast-express" source="Orion">SMVT-Howrah superfast express</keyword> and a good train crashed into each other. There’s nothing you can do to avoid a disaster, but you can always safeguard yourself against them. How? By insuring all your train travels at a nominal price. <cmsannotation type="cmsannotation" annotationid="First off, who can opt for this insurance?" comment="subhead" text="First off, who can opt for this insurance?">First off, who can opt for this insurance?</cmsannotation> Railways offers its passengers the option to add insurance while booking their tickets. But this is possible only if they are booked online. If you book your tickets physically, or over the counter, you are not eligible for this facility. Additionally, those travelling in general compartments also cannot avail of this insurance. Moreover, if you are travelling with a child aged below 5, you cannot opt for insurance for them. Only children aged between 5 and 11 can benefit from this optional insurance. In case you buy insurance for travelling in train A, but end up travelling in a vikalp /alternate train, you’d still be eligible to make a claim. Non-Indian citizens are also not allowed to take this insurance. <cmsannotation type="cmsannotation" annotationid="How much does it cost?" comment="subhead" text="How much does it cost?">How much does it cost?</cmsannotation> For a small sum of 45 paise, you can get a coverage of up to Rs 10,00,000. Here’s a breakdown of maximum sum awarded under various conditions : <ol><li><keyword id="6355784" type="General" weightage="20" keywordseo="death" source="Orion">Death</keyword> : Rs 10,00,000</li><li><keyword id="11208387" type="General" weightage="20" keywordseo="Permanent-total-disability" source="Orion">Permanent total disability</keyword> : Rs 10,00,000</li><li>Permanent partial disability : Rs 7,50,000</li><li>Hospitalisation expenses : Rs 2,00,000</li><li>Transportation of mortal remains : Rs 10,000</li></ol>To opt for this insurance, all you’ve got to do is tick-mark a checkbox asking for adding insurance to your total travel fare, while you are booking the tickets. The premium will be automatically added to your total fare. You'll also get all necessary policy details on your email-ID and mobile number after you're done booking. Remember to fill out a nominee for the policy. In case there is no nominee allotted, the claims will be settled with the legal heir of the insured. <cmsannotation type="cmsannotation" annotationid="What do I need to submit to make a claim?" comment="subhead" text="What do I need to submit to make a claim?">What do I need to submit to make a claim?</cmsannotation> In the unfortunate case of you meeting with an accident while travelling via trains, you need to submit a detailed report and all necessary documents to the insurer within 4 months of the date of the accident. In case you wish to file a <keyword id="20546236" type="General" weightage="20" keywordseo="death-claim" source="keywords">death claim</keyword>, you’ll need the following documents : <ol><li>Railway Authority report confirming the accident and details of deceased</li><li>Duly completed personal accident claim form signed by nominee / Legal Heir</li><li>NEFT mandate details, cancelled cheque and photo identity proof of nominee</li></ol>If you wish to file a disablement claim <ol><li>Railway authority report confirming the accident</li><li>Attested copy of disability certificate from Civil Surgeon of the hospital where one was undergoing treatment. It should also state the percentage of disability.</li><li> Attested copy of FIR.</li><li>All supporting X-Ray / Investigation reports</li><li>Claim form with NEFT details &amp; cancelled cheque of the beneficiary</li><li>Photographs of before &amp; after disability</li></ol>

Pay only 45 paisa to get a Rs 10 lakh insurance for your train travel!

<ul class="summary-list"><li>The US Marine Corps is ordering a two-day pause to all its flight operations this week. </li><li>In an announcement, the service said this was triggered by a string of "aviation mishaps."</li></ul>The US Marines Corps is ordering a two-day pause to all flights this week after a string of "aviation mishaps," including an incident in which an F-35 fighter jet went missing this week.Gen. Eric M. Smith, acting commandant of the Marine Corps, directed all of the service's aviation units "to conduct a two-day pause in operations this week to discuss aviation safety matters and best practices," according to a statement on Monday. The Marine Corps said the announcement follows "three Class-A aviation mishaps over the last six weeks." A Class-A mishap is <a href="https://navalsafetycommand.navy.mil/Resources/Current-Mishap-Definitions/">defined</a> by the Naval Safety Command as inflicting property damage worth $2.5 million or more, "and/or aircraft destroyed." It also covers fatalities or permanent total disabilities. The other two incidents referred to by the announcement occurred in late August, according to a US Navy <a href="https://navalsafetycommand.navy.mil/Portals/29/Documents/Mishap_Stats091323.pdf">database</a> of flight mishaps for the 2023 fiscal year. On August 24, an F/A-18 fighter jet crashed in southern <a href="https://apnews.com/article/marine-corps-jet-crash-san-diego-8c6e6dfeeb53ea61ce5346baeabfeaf4">California</a>, killing the Marine who was piloting the aircraft. Three days later, a MV-22B Osprey crashed during a training exercise in <a href="https://news.usni.org/2023/08/27/mv-22-osprey-carrying-20-marines-crashes-in-australia">Australia</a>, killing three Marines and injuring over 20 more. Most recently, a Marine Corps pilot was <a href="https://www.businessinsider.com/f35-jet-lost-usmc-marine-pilot-south-carolina-training-mishap-2023-9">forced to eject</a> from a F-35B Lightning II Joint Strike Fighter during a training exercise over South Carolina on Sunday, which appeared to be the final straw for the service and triggered the flight pause. Joint Base Charleston confirmed Sunday afternoon that there was a "mishap" involving the fighter jet, and the US military has asked the public for its <a href="https://www.businessinsider.com/us-military-asks-help-from-public-finding-missing-f-35-2023-9">help finding the missing aircraft</a>. A highly advanced fifth-generation aircraft, the F-35 is <a href="https://www.businessinsider.com/missing-f35-flying-after-pilot-ejected-soviet-jet-cold-war-2023-9">estimated to cost</a> around $90 million, and because the decades-long program to develop the fighters is expected to cost over $1 trillion, it's earned the title of being one of the country's costliest weapons programs in history. As of Monday afternoon, the military was conducting <a href="https://x.com/flightradar24/status/1703827299412455459?s=20">extensive search operations</a> to try and locate the missing jet."During the safety stand down, aviation commanders will lead discussions with their Marines focusing on the fundamentals of safe flight operations, ground safety, maintenance and flight procedures, and maintaining combat readiness," the Marine Corps said in the Monday statement. "This stand down being taken to ensure the service is maintaining operational standardization of combat-ready aircraft with well-prepared pilots and crews."The Marine Corps added that this pause "invests time and energy in reinforcing the Marine aviation community's established policies, practices and procedures in the interests of public safety, protecting our Marines and sailors, and ensuring the Marine Corps remains a ready and highly-trained fighting force."

Marines ground all flights after string of serious 'mishaps,' including the mysterious disappearance of an F-35 stealth fighter jet

<keyword id="2747429" type="PERSON" weightage="20" keywordseo="Pradhan-Mantri-Suraksha-Bima-Yojana">Pradhan Mantri Suraksha Bima Yojana</keyword> (PMSBY) is a part of the three <keyword id="546206" type="PERSON" weightage="20" keywordseo="social-security-schemes">social security schemes</keyword> announced by the central government as part of the 2015 budget. This is an accident insurance scheme that provides an accident and disability cover for a period of one year and this can be renewed annually. Enrolment for the program This cover is for a period of one year between June 1 and May 31 of the subsequent year. The subscriber must give the option of joining the scheme by opting for auto renewal by May 31 of every year. Those who wish to keep the policy alive for more years must give their assent for auto debit before May 31 for the further years. Coverage offered by Pradhan Mantri Suraksha Bima Yojana (PMSBY) The PMSBY provides a risk cover of Rs 2 lakh in case of accidental death or permanent total disability. Rs one lakh is provided towards permanent partial disability. Permanent partial disability can be understood as the permanent loss of two eyes or both hands or feet or loss of an eyesight or the ability to use a hand or foot. The cover provided under PMSBY can be used in addition to any other insurance plan the subscriber has got. This is not a mediclaim kind of policy as it does not cover hospitalization expenses after suffering an accident which can result in a disability or injury. What it includes and excluded The PMSBY scheme covers accidents, death and disability due to natural calamities and other reasons. Death due to suicide is not covered by this scheme. Death due to murder is however covered. Partial disability without a permanent disability or loss of one hand or foot is not covered. Eligibility criteria All those persons who have a single or joint bank account and belonging to the age group of 18 and 70 years can join PMSBY <keyword id="6406875" type="UNKNOWN" weightage="20" keywordseo="life-insurance">life insurance</keyword> scheme. If the individual has multiple bank accounts with different banks, they can join the scheme through a single account only. A joint account entails all the account holders to join the scheme. Even NRIs can join the scheme. In the event of a claim by such persons, the benefit will only be settled in Indian currency. Premium amount payable The premium amount for this policy is only Rs 12 per person per year. This will be deducted from the individual’s bank account through auto-debit facility in a single installment on or before June 1 in a year. If the auto debit happens on any other date after June 1, the cover will start from the date of auto debit of the premium. If an individual has joined the scheme through multiple accounts, the benefit will only be disbursed through a single account with the other premiums being forfeited. Validity of the cover The accidental cover will automatically terminate in the following cases. The subject attaining the age of 70. Insufficient funds to keep the policy alive or closure of the bank account.

What you should know about the government’s accident and disability scheme

Personal accident policies are not just about cover against accidental death or loss of limbs anymore. These days, many non-life <keyword id="35450" type="COMPANY" weightage="40" keywordseo="insurance">insurance</keyword> companies are offering feature-rich covers and high sum assured on these policies. According to insurance experts, many of these are really useful to customers. Consider, for example, the high sum assured of Rs5 crore or a feature like modification of house after the mishap to make it more suitable for living. They can prove to be invaluable to customers. 
 
But, the only trouble is that these additional features have a hefty premium, say experts. So, many of them are asking individuals to go for basic policy first and then consider adding useful features to it if they have the resources. 
 “Personal accident insurance offering accidental death, permanent total disability, for a sum assured of at least 10 times annual income is a must. Plans with more features can be bought if the budget permits and if an individual needs,” says Sanjay Datta, chief — underwriting and claims, <keyword id="144335" type="POSITION" weightage="40" keywordseo="ICICI-Lombard-General">ICICI Lombard General</keyword> Insurance. Mukund Seshadri, founder partner, MSV Financial Planners says, “Ideally one should have a feature-rich policy, but most people do not have their finances in place. It is better to buy a basic personal accident insurance cover first.” 
 
 
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Personal accident insurance plans come into the picture when one meets with an accident. Such policies cover accidental death, permanent total disability (PTD), permanent partial disability (PPD). They also promise to pay weekly benefit of a fixed sum in case of temporary total disability (TTD). While, some plans offer to pay a fixed sum for broken bones, modification to the house, transportation of family and for buying blood, few others offer to pay for medical expenses arising out of an accident. 
 
Though the bouquet of benefits looks good, each of these comes at a cost. For example, while the basic plan that offers accidental death, PTD and PPD benefit for a sum assured of Rs10 lakh can be secured at Rs1,100-1,200 per year, TTD benefits may cost almost 50% more than the basic plan. If more features such as accidental medical expenses benefit are added, you may have to pay 10% to 30% more. The final number keeps increasing as you keep adding the features to the basic plan. 
 
While the cost should have a bearing on the buying decision, one should not altogether avoid extra features or high sum assured, say experts. “Your approach to buying personal accident insurance cover should be —first buy a basic cover; if you have money go for more features, and if your budget still permits, go for a high sum assured,” says Sudhir Sarnobat, CEO, medimanage.com, a health insurance advisory. For example, an individual with an annual income of Rs5 lakh should have a basic accident insurance plan for a sum assured of Rs50 lakh. 
 
If he can afford to spend more, more features can be looked at. “While shopping for additional features, individuals must decide using two factors — what is the possibility of the insured meeting with a risk arising out of an accident and how much benefit would be paid by the insurance company,” adds Sarnobat. For example, a salaried individual working as an office staff, who has a ‘paid leave’ offered by his employer, may ignore buying TTD benefit. 
 He may not be in the high risk zone and can afford to stay at home for four weeks due to TTD arising out of an accident. Compare him with a self-employed professional, who may be travelling a lot and doesn’t have a ‘paid leave’, he should be buying a weekly benefit for TTD. “You have to look at each benefit in absolute terms, too. Some of these benefits may be irrelevant in some cases,” says an <keyword id="193338" type="POSITION" weightage="40" keywordseo="actuary">actuary</keyword> who does not wish to be identified. 
 
For example, transportation of family benefit is useless if you do not have a family, or you always travel with your family. Also each of these add-on benefits has sub-limit. House or vehicle modification expense is capped at lower of Rs1 lakh or 10% of sum assured.

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Pay only 45 paisa to get a Rs 10 lakh insurance for your train travel!

Ira Alok Puranik

Marines ground all flights after string of serious 'mishaps,' including the mysterious disappearance of an F-35 stealth fighter jet

Jake Epstein

What you should know about the government’s accident and disability scheme

BI India Bureau

Buy A Basic Accident Cover First, Then Shop For add-Ons

Economic Times

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