Insurance Policy – Get 10 Lakh Insurance For 399 Rs – Post Office Insurance – Insurance Policy 2023

The Indian Postal Department, in partnership with Tata AIG Insurance, has launched a game-changing Group Accident Insurance Policy, offering accident coverage of up to 10 lakhs at an incredibly low premium of just Rs 399. This essay delves into the key features and significance of this affordable insurance policy introduced by these esteemed institutions, highlighting its role in providing financial protection to individuals and their families.

Overview of the Group Accident Insurance Policy: The Group Accident Insurance Policy aims to provide comprehensive coverage for accidents, ensuring the well-being and financial security of policyholders. The policy covers accidental death, permanent total disablement, and permanent partial disablement resulting from an accident. With a coverage amount of 10 lakhs, this policy offers substantial financial support during challenging times.

Affordability and Accessibility: A notable aspect of this insurance policy is its remarkable affordability. With a nominal premium of just Rs 399, individuals from all walks of life can avail themselves of significant coverage, including those belonging to economically vulnerable sections of society. This initiative reflects the commitment of the Indian Postal Department and Tata AIG Insurance in making insurance protection accessible to a wider population.

Comprehensive Protection and Peace of Mind: The Group Accident Insurance Policy provides policyholders with a sense of peace and security, knowing they are covered in the unfortunate event of an accident. The financial compensation provided through the policy helps policyholders and their families cope with medical expenses, rehabilitation costs, and other financial burdens that may arise. This coverage acts as a safety net, offering comprehensive protection and peace of mind during difficult circumstances.

The Indian Postal Department and Tata AIG Collaboration: The collaboration between the Indian Postal Department and Tata AIG Insurance showcases the power of partnerships in delivering innovative and cost-effective insurance solutions to the masses. Leveraging the extensive reach and credibility of the Indian Postal Department, combined with the insurance expertise of Tata AIG, this initiative aims to empower individuals across the country to safeguard their financial well-being effectively.

For More Details : 👉🏻  TATA AIG Insurance

” Group Accident insurance policy “

-> 10 lakhs accident insurance by paying Rs 299 introduced by the Indian Postal Department

-> One such relief scheme is implemented by the India Post Payments Bank of the Department of Posts under the name of Group Accident Guard Policy. The insurance plan is in partnership with Tata AIG Insurance.

-> For those aged between 18 and 65 years. The policy term is one year. After this the policy can be renewed.

-> India Post Payments Bank Account is required to join the scheme. You can subscribe to the insurance policy from the nearest post office or postman/postwoman.

How much rupees will be received as compensation?

-> Accidental death and physical disability due to accident during the policy period will get compensation of up to Rs.10 lakhs.

-> Along with this, the hospital expenses and post-mortem expenses will be paid from the insurance.

-> Two policies of Rs 299 and Rs 399 are available from the Department of Posts.

-> The policyholder will get a maximum of Rs 60,000 for hospital expenses. If the actual cost is less than this amount will be allowed.

-> Up to Rs 60,000 if hospitalization is required due to an accident and up to Rs 30,000 if no hospitalization is required.

-> Both the Rs 299 policy and the Rs 399 policy offer these benefits in general.

For More Details : 👉🏻  TATA AIG Insurance

399 policy with extra benefits

-> There are additional benefits if you join the Rs 399 policy.

-> If you join the premium of Rs 399, you will get Rs 1,000 each for daily hospital expenses for 10 days in the name of in-hospital daily cash.

-> 5,000 for cremation in case of accidental death.

Travel Expenses

-> Up to Rs 25,000 for travel expenses of family members to meet the policyholder in hospital. If the actual cost is less then that amount will be received.

-> The policy also covers the educational expenses of the policyholder’s 2 children

-> Benefit will be availed up to Rs.1 lakh or the actual expenditure whichever is less.

Deaths due to these causes are not covered by insurance

-> Accident and death due to suicide, military services, war, illegal activity and dangerous sports are not covered by the insurance.

-> Deaths caused by bacterial infections, diseases and AIDS are also not covered.

For More Details : 👉🏻  TATA AIG Insurance