Postal Service Plan: Exciting News! Receive the advantage of Rs. 10 lakh for only Rs. 299, and learn all about the programme.

 Postal Service Plan: Exciting News! Receive the advantage of Rs. 10 lakh for only Rs. 299, and learn all about the programme.

By paying a fee of either Rs 299 or Rs 399, a person can obtain insurance coverage worth Rs 10 lakh under this post office policy. Every year, the insurance policy must be renewed, and having an account with India Post Payments Bank is a must for this.


In Delhi. Today, insurance has grown to be crucial for everyone. Accidents can occur at any time. Therefore, it is crucial for everyone to carry insurance that pays claims in the event of death or incapacity as well as covers the expense of medical care in the event of an accident. Many Indians still choose not to get insurance today. The price of insurance premiums is one factor contributing to this. The Indian Postal Department has developed a Group Accident Protection Insurance Policy keeping this in mind.

By paying a premium of between Rs 299 and Rs 399, a person can obtain insurance coverage worth Rs 10 lakh through this policy. Every year, the insurance policy must be renewed, and having an account with India Post Payments Bank is a must for this. If the insured is hurt in an accident, the insurance coverage will pay $60,000 for IPD charges and $30,000 for OPD.

These are the benefits.

This accident insurance plan was developed by Tata AIG and the Indian Postal Department. The two plans are. The yearly price for one plan is Rs 299, while the annual premium for the other plan is Rs 399. A client receives a Rs. 10 lakh insurance cover if they select a Rs. 299 plan. According to this insurance, if the insured is hurt in an accident, he will be reimbursed for hospital expenses. During hospital treatment, IPD charges up to Rs 60,000 and OPD claims up to Rs 30,000 are provided.

10 lakh to heirs in the event of death

The dependents are awarded Rs. 10 lakh as compensation in the event of an accident-related death. In addition, the insured is granted Rs. 10 lakh if he becomes totally incapacitated. Only in cases of partial disability is a claim of Rs. 10 lakh granted. The dependents receive Rs 5,000 for the last rites in the event of the insured's death. The expense of travel from the insured's dependents' home city was also covered by this coverage if they resided there. On the other hand, all of the aforementioned claims are available in the Rs. 399 plan, and a budget of Rs. 1 lakh is provided for the education of 2 children of the dependent.