Recently, you heard about 399 Post office scheme. Do you know what is post office scheme 399? If not, then you have to read this post to learn recently launched post office insurance scheme 399.
399 Post Office Scheme details
Eligibility criteria for post office group accidental insurance plan
- First of all, the customer must have an IPPB account.
- Customers should age between 18 years to 65 years.
Post office insurance scheme 399 features and benefits
- When a death occurs within 1 year, it provides a 100% coverage limit of the sum insured.
- It also covers permanent disability and partial disability coverage within 365 days.
- It also covers Accidental Medical Expenses and hospitalization expenses due to accidents for a period of more than 24 hours.
- It also provides educational benefits to the child of an insured person in case of accidental death or permanent disability.
- It provides family transportation benefits. When an insured person is hospitalized due to an accident and his immediate family comes to meet him at the hospital, all expenses for this journey are claimed.
- It also covers OPD expenses when an accident happens.
- It also provides per day benefit to an insured person for the period of hospitalization due to an accident.
Post Office Insurance Scheme 399 plan details
- GAG Insurance Basic Option Plan
- GAG Insurance Premium Option Plan
01. GAG Insurance basic Option Plan
|
Accidental Death |
10 Lakh |
|
Permanent Total Disability |
10 Lakh |
|
Permanent Partial Disability |
10 lakh |
|
Accidental Dismemberment and |
10 Lakh |
|
Accidental Medical Expenses IPD |
Fixed up to Rs 60,000 or |
|
Accidental Medical Expenses OPD |
Fixed up to Rs 30,000 or |
|
Policy Premium |
299 |
02. GAG Insurance Premium Option plan
|
Accidental Death Coverage |
10 Lakh |
|
Permanent Total Disability coverage |
10 Lakh |
|
Permanent Partial Disability coverage |
10 Lakh |
|
Accidental Dismemberment and Paralysis coverage |
10 Lakh |
|
Accidental Medical Expenses IPD |
Fixed up to Rs 60,000 or actual claims whichever is lower |
|
Accidental Medical Expenses OPD |
Fixed up to 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 up to 10days (1 day deducible) |
|
Family Transportation Benefits |
Rs 25000 or actuals whichever is lower |
|
Last Rites Benefit |
Rs 5000 or actuals whichever is lower |
|
Policy Premium |
399/- |
Post Office Insurance scheme 399 plan online Apply
- First of all, you have to visit your nearest IPPB branch.
- Tell bank staff, you are an IPPB customer and wants to get 399 post office insurance scheme (accidental)
- Bank staff will check your basic detail and he will apply for
- After that a confirmation message will receive on your registered mobiel number contains insurance policy number and other details.
399 post office accidental insurance plan not covered?
- Suicide
- Military services or operations
- War
- Illegal act
- Bacterial Infections
- Disease
- AIDS
- Dangerous sports
Postal scheme GAG option-2: Rs. 399 is it monthly premium or annual premium??
annual