In a major step toward extending financial protection to common citizens, the Department of Posts, in collaboration with leading private insurance companies, is offering low-cost accident insurance schemes that provide substantial coverage-literally at the cost of a cup of tea.
This initiative aims to safeguard families from financial distress in case of sudden and unforeseen accidents, ensuring affordable access to life protection for everyone.
Kiran, an employee at a private company, tragically lost his life in a road accident. Under this scheme, the Postal Department and TATA AIG Insurance provided his wife, Radha, with ₹15 lakh as accident insurance and ₹1 lakh for their children's education-proving how this initiative can become a true financial lifeline for affected families.
Offered through India Post in partnership with private insurers like TATA AIG, Niva Bupa, Aditya Birla Capital, Bajaj Allianz, Royal Sundaram, and Reliance.
Open to individuals aged 18-65 years.
Annual premium payment based on the insurer and coverage chosen.
To enroll, applicants must open an India Post Payments Bank (IPPB) account with a minimum deposit of ₹200.
Postal officials assist in selecting the right policy and calculating the premium as per the desired insurance amount.
| Insurance Company | ₹5 Lakh Cover (₹) | ₹10 Lakh Cover (₹) | ₹15 Lakh Cover (₹) |
|---|---|---|---|
| TATA AIG | 339 | 699 | 755 |
| Niva Bupa | 355 | 555 | 749 |
| Aditya Birla Capital | 320 | 549 | 749 |
| Bajaj Allianz | 399 | 559 | 799 |
| Royal Sundaram | 345 | 557 | - |
| Reliance | 350 | 565 | 550 |
Life is unpredictable-accidents, electric shocks, or other mishaps can leave families emotionally and financially shattered. With this "At Tea Cost" Accident Insurance Scheme, the Postal Department is making life protection accessible to all, offering financial stability and security at an unbelievably low cost.