Accident insurance is essential for the poor and middle class people. Insurance money is of great help to the family in case of unexpected accidents. The Postal Department has come up with a policy for this.
India Post and Aditya Birla Capital have jointly launched the Health Plus Accident Insurance Policy.
You can get a coverage of Rs 15 lakh with a premium of just Rs 755 per year. This means you can get the policy by paying Rs 62 per month or about Rs 2 per day.
Eligibility.!
People between the ages of 18 and 65 can apply for the India Post Accident Insurance Policy. It is mandatory to visit the nearest post office to apply for the policy. Aadhaar card and the phone number linked to it must be available at the time of application.
In some cases, the policy is issued only after a medical examination. It is important to note that this policy is not applicable to the armed forces. Only those who fulfill these qualifications will get the policy, which is useful for financial security in emergencies.
Premium to be paid.!
The premium paid for post office accident insurance policies is very affordable. By paying just Rs. 1.50 per day, you can get insurance worth Rs. 10 lakhs.
Also, by paying Rs. 2 per day, you can get insurance worth Rs. 15 lakhs. In terms of annual premium, if you pay Rs. 549 per year, you will get an untimely death policy worth Rs. 10 lakhs and if you pay Rs. 749, you will get a policy worth Rs. 15 lakhs.
Insurance Coverage.!
- Post Office Accident Insurance Policy provides financial protection for various situations arising out of incidents.
- In case of permanent disability due to any accident, the full sum assured is paid.
- Full insurance is available even if there is no disability or paralysis.
- If a person goes into coma due to an accident, there is insurance coverage up to Rs. 1 lakh.
- In case of broken bones, compensation up to Rs. 1 lakh is also provided for those expenses.
- If the head injury causes mental problems, four counselors provide free counseling.
For medical expenses.!
- For medical expenses, if you do not need to stay in the hospital, you can get up to Rs. 30,000 for OPD services or Rs. 1,500 for 10 consultations worth Rs. 1,500.
- If you get treatment in the hospital, you will be paid up to Rs. 60,000.
- If an accident occurs and a person dies elsewhere, his family members will be paid up to Rs. 25,000 for their travel there and back. Similarly, a certain amount of Rs. 5,000 will be paid to the family members for the funeral expenses of the person who died in the accident.
- A maximum subsidy of Rs. 1 lakh will be available for educational facilities for two children. If the fee is less, that amount will be paid.