Post Office Insurance Schemes: Almora’s Postal Superintendent Rajesh Kumar Binwal told Local 18 that India Post Payments Bank comes under the Government of India. This policy is for those who have an account in India Post Payment Bank. You will get Group Accident Guard Policy for Rs 549.
If we look at the last few years, insurance has become very expensive. According to a report, people are now backing out from insurance due to its high cost, while people are now avoiding medical insurance of many companies due to its high cost and the claim getting rejected due to the hidden terms and conditions of the company at the time of claim.
If you want to get insurance at a low cost, then a scheme of the post office is very useful for you. You have to pay Rs 549 every year in the Group Accident Guard Policy by India Post Payments Bank. You get 10 different types of plans in this one policy. Local 18 correspondent had a special conversation with Rajesh Kumar Binwal, Superintendent of Almora Post Office, Uttarakhand, about this.
Rajesh Kumar Binwal told that India Post Payments Bank comes under the Government of India. This policy has come for those who have an account in India Post Payment Bank. You get Group Accident Guard Policy for Rs 549. If the insured person dies in an accident, then his family gets Rs 10 lakh. If that person is completely or partially disabled, then also they get Rs 10 lakh. In this policy, money is also given for treatment after the accident. Rs 30 thousand are given in OPD and Rs 60 thousand in IPD.
If the patient is admitted in the hospital, then he gets Rs 1 thousand for a maximum of 10 days. If the insured person is injured in an accident and the family members are unable to reach him, then under this policy his family gets Rs 25 thousand for transportation. Apart from this, one lakh rupees is also given for the education of children in this insurance.
The policy only covers accidents
The post superintendent further said that this policy only covers accidents. This policy also has the advantage that you can get your health checkup done every year. You can buy your policy for very little money. If you buy this policy from private companies, its premium will be thousands of rupees. To get accident cover insurance, you can go to your nearest post office and get information about it and can easily buy the policy by submitting the required documents.
