In this era of increasing accidents, accident policies that provide more benefits at a lower cost are essential for every person.

According to the Kerala Police, last year, more than 40,000 accidents occurred, more than 45,000 people were injured, and more than 3,000 people died.
It is in this context that such policies are needed.

In case of death, whether due to a road accident or not, the family will get ₹10 lakh. In addition, ₹1 lakh each will be provided for the education expenses of two children.

There are still posthumous benefits of the ₹10 lakh Group Personal Accident Guard Policy implemented by India Post Payments Bank.
Family members will get ₹25,000 for travel expenses and ₹5,000 for funeral expenses.

Even if you suffer total or partial permanent disability due to an accident, you are entitled to coverage of ₹10 lakh.

In case of hospitalization, you will get medical expenses up to ₹60,000 or the actual claim amount, whichever is less.

A hospital cash benefit of ₹1,000 per day is available for 10 days.

There is no coverage for deaths due to sports, suicide, war, bacterial infections, or infectious diseases.

To get the above benefits, the premium is ₹396, including tax, for a year.

Those who do not have an account with India Post Payments Bank will have to pay ₹200 to open it. Thereafter, the premium can be paid every year, and the policy can be maintained.

People between the ages of 18-65 can join the policy. The India Post Payments Bank scheme is being implemented in collaboration with Bajaj Allianz General Insurance Company and Tata AIG Insurance Company.