India Post Payments Bank (IPPB) 10 Lakh Insurance with Rs.396: Ensuing danger cannot be expected, If you make any mistake and life saved it's like being born again. But if there is a life-threatening situation that cannot be avoided. If there is a permanent disability, it is no one else's responsibility to make up the shortfall. A family dependent on an accident victim is left on the road.
Accident insurance policies in India Post Payments Bank (IPPB)
The danger cannot be mentioned, if you make a mistake, it's like being born again. But if there is a life-threatening situation that cannot be avoided.
If there is a permanent disability, it is no one else's responsibility to make up the shortfall. A family dependent on an accident victim is left on the road. There are two policies to help in times like these. One policy premium is Rs.396 and the other policy premium is Rs.399.
Whichever one of these two is taken, the family will get an insurance of Rs.10 lakh. These policies can be availed through IPPB (India Post Payment Bank). Tata Group Accidental Guard Policy, Bajaj Allianz companies are taking these policies to the people through the postal department.
16 to 65 years of age can join this policy. Account holders with Indian Post Payment Bank are eligible. Postal officials said that if you want to take this insurance, you can either go directly to the post offices with IPPB branches or if you want to join a group, the postal staff will contact directly.
Tata Group Accidental Guard Policy (Rs. 399) In case of death or permanent disability or paralysis of the policyholder due to any accident, Rs.10 lakh will be given to the nominee named by the person.
A loan of Rs.100,000 is also given for two children who are studying. If the hospital takes treatment for more than 24 hours, the bill will be paid up to Rs.60 thousand. If policy holder is discharged from the hospital within 24 hours, they will be given Rs.30 thousand or the actual bill, whichever is less. A maximum of Rs.25 thousand or a bill for reaching the accident site or the hospital for the family members, whichever is less. In case of death, Rs.5 thousand will be given for the funeral.
By paying Rs.396 and taking accident insurance through Bajaj Allianz, the family members will get Rs.10 lakhs in case of any accident and death. In Bajaj Allianz, however, the sum assured will be paid regardless of the accident.
