IPPB GAG (Group Accident Guard) Policy 2024 Details | IPPB Accidental Insurance Cover Policy @ Rs 520 - Postalstudy | Post Office Blog | Materials for | Exams

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IPPB GAG (Group Accident Guard) Policy 2024 Details | IPPB Accidental Insurance Cover Policy @ Rs 520

India Post Payments Bank (IPPB) Introduces Affordable Accidental Insurance Cover.

1. Tata AIG Group Accident Guard Policy @ Rs 520

2. Star Group Accident Group Personal Accident cover @ Rs 559 

both policies having a policy cover of Rs 10 Lakhs.

In today's fast-paced world, unexpected events can often catch us off guard. Recognizing this need for financial security in times of unforeseen events, India Post Payments Bank (IPPB) has launched a new initiative to provide affordable accidental insurance cover to its customers.

Under the banner of "PROTECT YOUR LIFE FROM UNFORESEEN EVENTS," IPPB is offering accidental cover worth up to Rs. 10 lakhs at just Rs. 1.5 per day. For those seeking even greater protection, the bank extends coverage up to Rs. 15 lakhs at a nominal rate of Rs. 2 per day.

What does this insurance cover entail?

  1. Life Risk: In the unfortunate event of loss of life due to accidents, the insured amount provides financial support to the family.

  2. Road Accidents: Whether commuting for work or leisure, accidents on the road are a common occurrence. This insurance covers any injuries sustained from such incidents.

  3. Falling from Stairs and Slip on Wet Floor: Accidents at home or public places like slipping on wet floors or falling from stairs are covered under this policy.

  4. Permanent & Partial Disability: In case of disabilities caused by accidents, the policy provides support for both permanent and partial disabilities.

  5. Inpatient & Outpatient Expenses: Medical expenses incurred due to accidents, whether requiring hospitalization or outpatient treatment, are covered.

  6. Electric Shock and Animal Bites: Accidents involving electric shocks or animal bites are also included in the coverage.

  7. Fire and Work-related Injuries: Accidents such as fire accidents or injuries sustained at the workplace are within the scope of this insurance.

  8. Sports Related Injuries: For sports enthusiasts, this insurance provides coverage for injuries sustained during sports activities.

  9. Children Education & Marriage Benefits: In the unfortunate event of the policyholder's demise or disability, provisions are made for the education and marriage expenses of their children.

  10. Hospital Daily Cash Benefit and Transportation Benefits: Additional benefits include daily cash benefits during hospitalization and coverage for transportation expenses related to medical treatment.

  11. Teleconsultation & Health Check-up: To promote preventive healthcare, the policy offers teleconsultation services and periodic health check-ups.

In essence, India Post Payments Bank's accidental insurance cover not only provides financial protection against unforeseen events but also offers peace of mind to its customers. With affordable premiums and comprehensive coverage, it's a prudent investment in safeguarding oneself and one's loved ones against life's uncertainties.

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