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 each and every person today. Accidents can take place at any time in life. Therefore, it is fundamental for everybody to have such an insurance plan policy that will also cover the price of cure on an accident and also supply a declare in case of death or disability. Even today many people in India do no longer take insurance. One reason for this is the fee of insurance plan premiums. Keeping this in mind, the Indian Postal Department has come up with a Group Accident Protection Insurance Policy.
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In this policy, a person can get an insurance cover of Rs 10 lakh by means of paying simply Rs 299 and Rs 399 premium. It is imperative to renew the insurance coverage every year and for this it is additionally integral to have an account with India Post Payments Bank. In the insurance policy, 60 thousand is given for IPD fees and 30 thousand for OPD in case of unintentional injury of the policyholder.
Benefits
Indian Postal Department has delivered this unintended insurance plan policy in association with Tata AIG. It has two plans. In one, you have to pay a top class of Rs 299 yearly and in the other design you have to pay Rs 399. If a individual chooses a sketch of Rs 299, then he gets an insurance cowl of Rs 10 lakh. If the insured turns into a victim of an accident, then in this coverage he receives hospitalization expenses. During the cure in the hospital, IPD fees of up to Rs 60,000 and OPD declare up to Rs 30,000 are given.
10 lakh to dependents on death
In case of unintended death, Rs 10 lakh is given as compensation to the dependents. Not solely this, if the insured turns into absolutely disabled, then he is given 10 lakh rupees. A claim of Rs 10 lakh is given solely 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 every other city, then the fee of commuting from there used to be additionally covered in this policy. At the identical time, in the graph of Rs 399, all the above claims are reachable as nicely as an expenditure of 1 lakh is given to the two youngsters of the dependent for education.
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