In this post office policy, a person can get an insurance cover of Rs 10 lakh by paying just Rs 299 and Rs 399 premium. It is necessary to renew the insurance policy every year and for this it is also mandatory to have an account with India Post Payments Bank.
New Delhi. Insurance has become very important for every person today. Accidents can happen at any time in life. Therefore, it is necessary for everyone to have such an insurance policy that will also cover the cost of treatment on an accident and also give a claim in case of death or disability.
Even today many people in India do not take insurance. One reason for this is the cost of insurance premiums. Keeping this in mind, the Indian Postal Department has come up with a Group Accident Protection Insurance Policy.
In this policy, a person can get an insurance cover of Rs 10 lakh by paying just Rs 299 and Rs 399 premium. It is necessary to renew the insurance policy every year and for this it is also necessary to have an account with India Post Payments Bank.
In the insurance policy, 60 thousand is given for IPD expenses and 30 thousand for OPD in case of accidental injury of the policyholder.
These are the benefits
Indian Postal Department has brought this accidental insurance policy in association with Tata AIG. It has two plans. In one, you have to pay a premium of Rs 299 annually and in the other plan you have to pay Rs 399. If a person chooses a plan of Rs 299, then he gets an insurance cover of Rs 10 lakh.
If the insured becomes a victim of an accident, then in this policy he gets hospitalization expenses. During the treatment in the hospital, IPD expenses of up to Rs 60,000 and OPD claim up to Rs 30,000 are given.
10 lakh to dependents on death
In case of accidental death, Rs 10 lakh is given as compensation to the dependents. Not only this, if the insured becomes completely disabled, then he is given 10 lakh rupees. A claim of Rs 10 lakh is given only in case of partial disability. On the death of the insured, the dependents get Rs 5,000 for the funeral.
If the dependents of the insured lived in another city, then the cost of commuting from there was also covered in this policy. At the same time, in the plan of Rs 399, all the above claims are available as well as an expenditure of 1 lakh is given to the 2 children of the dependent for education.
