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The Indian Postal Department has issued an accident policy at India Post Payments Bank at a cost of Rs 396 per year. This insurance policy will provide a claim of up to Rs 10 lakh in case of accidental death, permanent disability, partial disability, deformity or paralysis.
Know about insurance policy…
In case of an accident, the policy holder will be provided an amount of Rs 60,000 for IPD treatment expenses, Rs 30,000 for dressing and OPD treatment expenses.
In addition to Rs 60,000, Rs 1,000 per day for 10 days will also be given on hospitalization. If the insured person's family lives in another city, the cost of their travel ticket will be paid up to a maximum of Rs 25,000.
Unfortunately, if the policyholder dies, the policy also provides a provision of Rs 5,000 for funeral expenses. Apart from this, on the death of the policyholder, in addition to the sum assured of Rs 10 lakh, there is a plan to provide a separate amount of Rs 1 lakh for the education of children.
In relation to the scheme, mega camps will be organized by the Indian Postal Department in post offices at various places. This facility can be availed from the postman in any nearest post office.
LIC Kanyadan Policy is a great option for the bright future of girls. In this scheme, you can deposit a fund of Rs 22.5 lakh for your daughter. Apart from this, facilities like tax benefit, loan facility etc. are also available in this scheme. If your daughter's age is between 1 year to 10 years, then you can invest in this scheme.
About LIC's Kanyadan Policy
- LIC's Kanyadaan policy is a term insurance. The term of this policy is 13-25 years.
- In this, you can choose any option from monthly, quarterly, half-yearly and yearly for premium payment.
- At the time of maturity you get the total amount by adding the sum assured and the final bonus.
- To invest in this scheme, the age of the daughter's father should be less than 50 years.
