Post Office Scheme : The Post Office has launched a powerful scheme especially for poor and middle-class families, called the Post Office Annual Insurance Policy Scheme. If you belong to a low-income or middle-class family, this scheme can prove to be extremely beneficial for you.
Under this scheme, by investing just ₹565, you can get an insurance cover of up to ₹10 lakh. Let us understand this Post Office scheme in detail below.
Post Office Scheme : Invest ₹565 and Get ₹10 Lakh Insurance Cover
The Post Office has introduced a strong insurance scheme for economically weaker sections of society. If you come from a poor or middle-class family and are looking for high insurance coverage at a very low premium, then this scheme by the Indian Postal Department is nothing less than a gift.
Under the Annual Insurance Policy, an insurance cover of up to ₹10 lakh is provided by paying only ₹565 as annual premium.
The biggest advantage of this scheme is that no medical test is required, and there is no lengthy paperwork involved.
Post Office Scheme: Key Features Explained
This scheme has been designed keeping in mind people from rural, semi-urban, and low-income groups, so that those who were previously deprived of insurance protection can also benefit from it.
The policy is not only affordable but also completely safe and backed by government guarantee, which has created strong trust and enthusiasm among people.
Let us look at the complete details of the scheme below.
Post Office Scheme: 1,500 People Have Joined So Far
There has been a strong response to this insurance policy in Nainital. According to Devashish Joshi, Manager of the Head Post Office, Nainital, around 1,500 people in the district have already enrolled in this scheme.
Promotional activities are also being carried out so that more and more people can take advantage of this policy.
Features of the Post Office Insurance Scheme
Under this Post Office scheme, customers get an insurance cover of up to ₹10 lakh by paying just ₹565 per year.
- People aged 18 to 65 years from poor or middle-class families can enroll
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Coverage includes:
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Accidental death
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Permanent total disability
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Partial disability
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- In case of an accident, in-patient medical expenses up to ₹1,00,000 are also covered
- Policyholders may also receive bonus benefits
- No medical examination required
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Application can be done by visiting the nearest post office
A Very Affordable Insurance Scheme by the Post Office
According to the Postal Department, this scheme has been launched specifically for those people who could not afford traditional insurance policies due to high premium costs.
Now, getting ₹10 lakh insurance protection for one year at just ₹565 has made this scheme extremely attractive.
This scheme is being considered a major step toward social security, and in the coming time, it is expected that millions of people will come under the insurance coverage through this initiative.