India Post Payments Bank (IPPB) has introduced an affordable accidental insurance policy with coverage ranging from ₹10 lakh to ₹15 lakh, and annual premiums between ₹520 to ₹799. Targeted at individuals aged 18 to 65, this policy covers accidental death, disability, and limb damage, alongside educational expenses for children and hospital costs.
Key Features:
- Coverage: Rs.10 lakh to Rs.15 lakh
- Premium: Rs.520 to Rs.799 annually
- Eligibility: Ages 18-65
- Benefits: Educational expenses, daily hospital cash benefit, transportation, and funeral costs
This initiative aims to make insurance accessible and affordable, ensuring comprehensive protection without high premiums. Users can enroll via their nearest post office or contact a postman.
