Mumbai: A Unique Accidental Benefit Policy launched by India Post Payment Bank . The India Post Payment Bank (IPPB),along with India Post, Mumbai Region has launched a unique accidental benefit policy, named as the TATA ACCIDENTAL GUARD (TAG) in collaboration with TATA AIG. India Post, Mumbai Region is promoting the policy extensively across Mumbai city and suburb, to create awareness amongst the citizenry about the benefits of this policy that has an extremely pocket friendly premium of 399 INR per annum covering a beneficiary amount of 10 lac INR. The age limit of the policy is between 18-65 years. Being an exclusive accidental policy, it would give the nominee the sum assured of 10 lacs in case of the accidental death of the insurant. The policy even holds the benefits of returning the sum assured in cases of permanent disability, permanent partial disability, accidental dismemberment and paralysis.
Any citizen with an IPPB account may readily get registered to this policy by paying the premium. In case a willing citizen does not have an IPPB account, the same may be opened instantly through the postmen.
The policy may be opened in almost all the post offices of Mumbai city and suburb or even at the doorstep of an insurant through the Postmen.
In case of further enquiries, one may dial the toll-free helpline number of IPPB which is 1800-266-7780 or 022-66939500 (tolled) or9773344943, (Mr Vikas Rane, India Post, Mumbai Region)
India Post, the largest postal network across the world has been a banker to the unbanked since the last 170 years, reaching to the remotest corners of the country with multifarious financial services. This accidental policy is its step ahead to cover the under privileged citizenry in the envelope of security and financial service.
Postmaster General, India Post, Mumbai Region, Ms Swati Pandey said, “India Post and IPPB has been walking together in the path of rendering uninterrupted service to the citizenry with special emphasis to facilitate the unbanked populace and bring them under the umbrella of financial services. Tata Accidental Guard will focus on the financially weaker sections of the society who finds it extremely difficult to bear the astronomical expenses of post-accidental treatment and often succumb to the costs and trauma. Also, this would be an example of a successful public-private partnership project that aims to attain a financially inclusive society.”
