India Post Payments Bank (IPPB) offers two affordable group personal accident insurance plans designed to provide financial protection at a very low annual cost. With premiums of only Rs 399 and Rs 299, both plans provide coverage of up to Rs 10 lakh, making them highly beneficial for rural and urban customers seeking budget-friendly insurance options.
Rs 399 Premium Plan Features
The Rs 399 premium accident insurance plan offers comprehensive protection that includes Rs 10 lakh coverage for accidental death and permanent total disability. It also provides accident-related medical reimbursements of up to Rs 60,000 for OPD and Rs 30,000 for IPD treatment. Additional benefits include education assistance for dependent children, daily hospital cash, conveyance allowance for medical transportation, and final rites support. This plan delivers complete coverage designed for families looking for broader financial security.
Rs 299 Basic Plan Features
The Rs 299 basic accident insurance plan also offers Rs 10 lakh coverage for accidental death and permanent total disability along with medical reimbursement benefits of up to Rs 60,000 for OPD and Rs 30,000 for IPD due to accidents. However, this plan does not include add-on benefits such as education assistance, hospital daily cash, conveyance allowance, or final rites coverage, making it a more simplified protection option.
Eligibility and Coverage Period
Applicants must be between 18 and 65 years of age to enroll in either plan. Both plans offer a one-year coverage period, and customers must renew their insurance annually to continue receiving benefits.
How to Apply Online
To apply for the IPPB accident insurance scheme, visit the official IPPB website and select either the Rs 399 or Rs 299 insurance package. Complete the online application form, upload required documents such as Aadhaar card, photograph, and address proof, and proceed with the premium payment. After submission, download or print the receipt and policy details for future reference.
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