The India Post Payments Bank (IPPB) offers two extremely affordable Group Personal Accident Insurance Plans priced at just ₹399 and ₹299 per year. Despite the low premium, both plans offer accidental coverage up to ₹10 lakh, making them ideal for rural and urban customers seeking budget-friendly and trustworthy insurance protection.
If you are looking for a low-cost accident insurance option with strong benefits, the Post Office Insurance Scheme 399 Plan is one of the best choices in 2025.
Post Office Insurance Scheme – Key Highlights
- Premium Options: ₹399 & ₹299
- Coverage: Up to ₹10,00,000
- Type: Group Personal Accident Insurance
- Provider: India Post Payments Bank (IPPB)
- Eligibility Age: 18 to 65 years
- Coverage Duration: 1 year (renewable annually)
- Ideal For: Rural & urban families seeking affordable accident protection
₹399 Premium Plan – Complete Features
The ₹399 plan is the advanced and comprehensive version offering wide-range accident protection.
1. Accidental Death Cover – ₹10 Lakh
In case of accidental death, the nominee receives ₹10,00,000.
2. Permanent Total Disability (PTD) – ₹10 Lakh
If an accident results in total disability, full coverage amount is provided.
3. Medical Reimbursement
- OPD (Outpatient): Up to ₹60,000
- IPD (Hospitalization): Up to ₹30,000
4. Education Assistance for Children
Financial support for dependent children’s studies.
5. Daily Hospital Cash
A fixed daily amount is provided during hospitalization.
6. Conveyance Allowance
Assistance for medical transportation costs.
7. Final Rites Support
Financial aid for last rites in case of accidental death.
This plan is ideal for families looking for maximum financial protection at a low premium.
₹299 Premium Plan – Features (Basic Plan)
The ₹299 plan offers essential protection but without the additional benefits included in the ₹399 package.
1. Accidental Death Cover – ₹10 Lakh
Nominee receives full coverage amount in case of accidental death.
2. Permanent Total Disability – ₹10 Lakh
3. Medical Reimbursement
- OPD: Up to ₹60,000
- IPD: Up to ₹30,000
Not Included in ₹299 Plan
- No education assistance
- No daily hospital cash
- No conveyance allowance
- No final rites support
This plan is suitable for individuals seeking low-cost basic accident protection.
Eligibility Criteria
To enroll in either plan, applicants must meet the following conditions:
- Age must be between 18 and 65 years
- Must be an Indian citizen
- Premium must be paid annually
- Valid KYC documents required
- Policy can be renewed every year
Coverage Period
- Both the ₹299 and ₹399 plans provide 1-year coverage.
- To continue receiving benefits, customers must renew annually.
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How to Apply Online for IPPB Accident Insurance Scheme
Follow these steps to apply online:
Step 1:
Visit the official India Post Payments Bank (IPPB) website.
Step 2:
Select the insurance plan:
- ₹399 Comprehensive Plan
- ₹299 Basic Plan
Step 3:
Fill the online application with your personal details.
Step 4:
Upload required documents:
- Aadhaar Card
- Address Proof
- Passport-size Photograph
- Mobile Number
Step 5:
Pay the premium online using UPI, debit card, or net banking.
Step 6:
Download or print your policy receipt and insurance document for future reference.
Documents Required
- Aadhaar Card
- Address Proof
- Passport-size Photo
- Mobile Number
- Email ID (optional)
Why Choose the Post Office Accident Insurance Scheme?
- Low annual premium
- High ₹10 lakh accident cover
- Trusted government-backed service
- Simple documentation
- Available across India
- Suitable for low-income families
- Easy online application
Official Website
India Post Payments Bank – (IPPB Official Portal)
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