nagpur the railway board is planning to implement a transit stay insurance tsi scheme for passengers soon tsi has been patented by nagpurbased ramesh shyamrao rathod who retired as an officer from directorate of libraries maharashtra rathod said his tsi scheme was submitted to ministry of human resource department of higher education copyright office delhi on october 10 2014 my proposal included charging rs275 as premium per ticket the scheme was patented on may 30 2016 the same day i submitted a proposal to the ministry of railways he said on june 23 2016 debashish sikdar joint director for traffic commercial claims informed rathod that indian railways catering tourism corporation irctc had been asked to implement his scheme and modalities were being worked out rathod said railways were likely to start insurance scheme by charging a minimal premium of re 1 per ticket for an insurance cover of rs10 lakh in case of death or permanent disability caused in train accident irctc an arm of indian railways is in process of shortlisting insurance companies to implement the scheme railway minister suresh prabhu has announced plans to launch the scheme in his budget rathod the scheme would be launched initially on a pilot basis for passengers booking online ticket it may be extended to passengers buying tickets from counters and monthly season ticket travellers in days to come under the scheme a passenger will get an insurance cover of rs75 lakh for partial disability or injuries and rs5 lakh for hospitalization an rs10000 for transportation of mortal remains he said a passenger will have to opt for insurance while booking eticket there are plans to provide flexibility to passengers like by increasing the amount insured rathod said railways may generate at least rs24 crore per day if the scheme was implemented a data of five years from 200914 showed railways had paid over rs363 crore as compensation to victims or their kin this money was paid from budgeted amount now insurance companies will pay it said rathod