 bill no 105 of  2010 the railways (amendment) bill, 2010 byshri  a t nana patil,  mpabillfurther to amend the railways act, 1989be it enacted by parliament in the sixty-first year of  the republic of india as follows:—short title1 this act may be called the railways (amendment)  act, 201024 of 19892 in the railways act, 1989, after chapter xiii, the following chapter and section thereunder shall be inserted, namely:—insertion of new chapter xiiia 5 "chapter xiiia responsibility of railway administration to insure life and goods of passengers129a (1) notwithstanding anything contained in this act, the railway administration shall enter into contract with any of the government owned insurance companies for insurance of the life of the passengers and the goods owned by them10insurance of life and goods of valid passengers travelling in train(2) for the purpose of sub-section (1), the railway administration shall determine the rate of premium to be paid by every passenger according to the class by which he travels in consultation with the insurance companies15(3) the insurance amount payable to a passenger shall be in addition to any other payment including the amount of compensation payable under the other provisions of this act" statement  of  objects  and  reasonsrailway accidents are on the increase some accidents happen either due to human or technical error whereas some accidents are the result of terrorist activities in every accident, a large number of lives are lost and a number of people are injured also under the existing rules, there is a provision for ex gratia payment and compensation for loss of life or injury but the amount of compensation is very less and it takes a number of years to settle a claim in many cases, the income and status of the victim is not taken into consideration by the tribunal in many cases, the compensation amount is the same irrespective of the fact whether the deceased or injured person belonged to high income category or low income categoryto avoid such a situation, it is proposed to amend the railways act to formulate an insurance scheme to compensate the victims in railway accidents the railways can charge the premium along with the ticket and it may vary the premium rate in accordance with the class of travel in train the rate of premium payable by passengers can also be taken into consideration for providing the insurance cover since this would be in addition to compensation payable under the present dispensation, the victims of train accidents will be benefited under the scheme     the bill seeks to achieve the above objectivenew delhi;at nana  patiljuly 27, 2010 lok  sabha———— a billfurther to amend the railways act, 1989————(shri a t nana patil, mp)gmgipmrnd—3965ls(s3)—18-08-2010