India Post Payments Bank has launched an affordable accidental insurance policy, offering coverage of ₹10 lakh to ₹15 lakh with annual premiums ranging from ₹520 to ₹799. The policy, available to individuals aged 18 to 65, covers various scenarios, including accidental death, permanent or partial disability, and limb damage, as well as hospital and outpatient expenses. The policy is part of the bank’s efforts to provide accessible insurance to those who cannot afford higher premiums. The initiative is expected to benefit millions of Indians, particularly in rural areas.
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