Post Office Scheme: It is said that a wise person is the one who goes by planning both good and bad times. When an accident happens in life, nothing can be said. In such a situation, it is very important to take accidental insurance cover in today’s time. With this, you can prepare your family and yourself for the dangers that come. People nowadays have started taking accidental life insurance cover in large numbers. India Post Payment Bank of Post Office has brought Group Accidental Insurance Cover for its customers. Through this group accidental insurance cover, you get an insurance cover of up to Rs 10 lakh.
What is India Post Group Accident Insurance?
Significantly, India Post Payments Bank has tied up with Tata AIG. Through this, he is giving the facility of group insurance cover to the people. Through this insurance cover, you and your family can get an insurance cover of up to Rs 10 lakh. In this, the policyholder or his family gets a cover of up to Rs 10 lakh on death due to accident and partial or complete disability due to accident. People in the age group of 18 to 65 years can take advantage of this insurance policy. The thing to keep in mind is that the benefit of this insurance cover is available only to the customers of India Post Payment Bank.
Know what is Group Accident Insurance?
Let us tell you that the insurance company keeps on offering insurance cover according to the needs of different people. There are many types of accidental insurance. India Post Payment Bank offers Group Accidental Insurance facility to its customers. In this insurance cover, the policyholder and his entire family get accident insurance cover. Through IPPB, you can get group accident insurance cover up to Rs 10 lakh by paying a fee of Rs 299.
Under what circumstances there is no insurance cover-
- Insurance cover is not available in case the person commits suicide.
- Martyrdom in Military Service or Operation.
- Death during a war.
- death due to insurance
- Death due to a bacterial infection.
- death due to AIDS
- The benefit of insurance is not available on the death of a person due to a deadly sport.
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