Indian Post Group Accident Guard Policy @ ₹399 (General Insurance) 2023

Indian Post Group Accident Guard Policy @ ₹399 (General Insurance) 2023 Life is full of surprises, good as well as bad ones. Accidents are not planned but accidental expenses can be planned. No one is completely safe on the roads, no matter how much care you take. While you can’t always avoid the accidents, but you can prepare your family’s future in advance from expenses or any disability occurring out of the accident.

An accident has a long-lasting impact not only on the person involved but also on his/her family members. The after effects of accident can be death, disability, financial loss, uncertain future of children whose parent/s had accident, expenses out of medical emergencies etc.

A group personal accident insurance is an insurance plan that provides accident coverage for a large number of people, collectively referred to as a group. Group Accident Insurance provides coverage in case of unforeseen events, there are several other benefits that come with group personal accident insurance. Purchasing a group accidental insurance is the best option for keeping unanticipated expenses under check.

Products Features/Covers -

GAG Insurance Premium Option
Accidental Death	1000000
Permanent Total Disability	1000000
Permanent Partial Disability	1000000
Accidental Dismemberment and Paralysis	1000000
Accidental Medical Expenses IPD	Fixed upto Rs 60,000 or actual claims whichever is lower
Accidental Medical Expenses OPD	Fixed upto Rs 30,000 or actual claims whichever is lower
Education Benefit	10% of SI or Rs 100000 or Actual whichever is lower for maximum 2 eligible children
In-Hospital Daily Cash	Rs 1000 per day upto 10days (1day deducible)
Family Transportation Benefits	Rs 25000 or actuals whichever is lower
Last Rites Benefit	Rs 5000 or actuals whichever is lower
Post Tax Premium	399

 

GAG Insurance Basic Option
Accidental Death	1000000
Permanent Total Disability	1000000
Permanent Partial Disability	1000000
Accidental Dismemberment and Paralysis	1000000
Accidental Medical Expenses IPD	Fixed upto Rs 60,000 or actual claims whichever is lower
Accidental Medical Expenses OPD	Fixed upto Rs 30,000 or actual claims whichever is lower
Post Tax Premium	299

 

BENEFITS OF GROUP ACCIDENT POLICY

1. Accidental Death: It covers Death due to Accident within 365 days of the accident date. Coverage limit is 100% of Sum Insured.

2. Accidental Dismemberment and Paralysis: It covers Dismemberment which is permanent in nature & occurs within 365 days of the accident Date. Paralysis is the loss of the ability to move (and sometimes to feel anything) in part or most of the body, as a result of an Injury.

3. Education Benefit: Entire sum insured is payable in case of accidental death / permanent total disability. Benefit payable for eligible child who is full time student in any Institution.

4. Permanent Total Disability: It covers Total Disability which is permanent in nature & occurs within 365 days of the accident Date. Coverage limit is 100% of Sum Insured.

5. Accidental Medical Expenses in-patient department (IPD): It Covers hospitalization expenses due to accident for period more than 24 hours.

6. In Hospital Daily Cash: Provides per day benefit for the period of Hospitalization due to Accident.

7. Family Transportation Benefits: Expenses incurred by any immediate family member of the insured on making travel arrangements to meet the insured person who is hospitalized and situated more than 150-kilo meters from his residence.

8.  Permanent Partial Disability: It covers Partial Disability which is permanent in nature & occurs within 365 days of the accident Date. Coverage limit is as per % specified in policy document.

9. Accidental Medical Expenses Outpatient Department (OPD): It covers Out Patient expenses due to accident in which the Insured Person visits a clinic/ hospital or associated facility like a consultation room for diagnosis and treatment based on the advice of a Medical Practitioner.

10. Last Rites Benefit: If we have accepted a claim under Accidental Death benefit, then we will in addition pay fixed amount towards funeral expenses

Features of Group Accident Insurance

Entry age	18-65 Years
Policy tenure	1 year
Policy offered to	IPPB Customers

What Does Group Accident Insurance Not Cover?

1. Suicide

2. Military services or operations

3. War

4. Illegal act

5. Bacterial Infections

6. Disease

7. AIDS

8. Dangerous sports etc.

Important Link

Insurance Notification in Gujarati Link

Insurance Notification in Hindi Link

Insurance Notification in English Link