In a world where hospital bills can run into lakhs due to accidents and emergencies, a low-cost insurance scheme can make all the difference. India Post, in collaboration with India Post Payments Bank (IPPB) and Royal Sundaram General Insurance, has launched an affordable Personal Accident Insurance Scheme. The highlight? Coverage of up to ₹10 lakh at a premium of just ₹565 per year.
Let's break it down.
|
Plan Option |
Annual Premium |
Insurance Coverage |
|
Basic Plan |
₹345 |
₹5 lakh |
|
Comprehensive Plan |
₹565 |
₹10 lakh |
Offered through Post Offices and IPPB branches across India, this scheme is designed to serve both urban and rural populations.
Indian citizens aged 18 to 65 years
No medical tests or documents needed for enrollment
Available to salaried employees, daily wage workers, self-employed individuals, and even homemakers
Accidental Death: ₹10,00,000 paid to nominee
Permanent Disability: ₹10,00,000 coverage
Hospital Expenses (Accident-related): Up to ₹1,00,000
Educational Grant for Children: ₹50,000
Funeral Expenses: ₹5,000
Accidental Death: ₹5,00,000 paid to nominee
Permanent Disability: ₹5,00,000 coverage
Hospital Expenses (Accident-related): Up to ₹50,000
Educational Grant for Children: ₹25,000
Funeral Expenses: ₹5,000
No Hidden Costs: Premiums are fixed with no GST
Easy Enrollment: Visit the nearest Post Office or IPPB branch to enroll instantly
No Pre-medical Checkups
Covers Private & Government Sector Employees Alike
Special Focus on Rural Families and Marginalised Communities
Medical emergencies caused by road accidents, workplace hazards, or domestic injuries can financially devastate families. For as low as ₹565, this policy:
Provides instant relief during emergencies
Supports your children's education if something happens to you
Helps cover final rites and hospital expenses
Offers mental peace for less than ₹2/day
Visit your nearest Post Office or IPPB (India Post Payments Bank) outlet
Ask for Royal Sundaram Personal Accident Insurance Scheme
Choose your plan: ₹345 or ₹565
Fill in your basic details - Aadhaar and mobile number
Pay the premium and get instant coverage confirmation
According to Sudhakar, Sub Postmaster of Nakrekal Sub Post Office, this scheme has already gained popularity across rural Telangana and other parts of India. The initiative has been rolled out to ensure every Indian-whether in a city or a village-has access to accident protection with dignity.
This is a personal accident insurance, not a health or life insurance
Coverage starts immediately after enrollment
Valid for 1 year, renewable annually
Policy document and claim process are explained during enrollment
At a time when private accident insurance policies cost thousands, this initiative by India Post and Royal Sundaram is a game-changer for the average Indian. Whether you're a small shop owner, a delivery executive, a farmer, or a homemaker, this plan ensures that your family won't struggle financially if the unexpected happens.
For just ₹565, you don't just buy insurance-you buy security, dignity, and peace of mind.