Good News for People Who Can’t Afford Insurance – Get Post Office Insurance With Rs 299.

Good News for People Who Can’t Afford Insurance – Get Post Office Insurance With Rs 299.

Have you ever considered getting insurance, but felt put off by the cost? Have you been unable to get insurance because of prohibitively high premiums and too many complicated rules? If so, I’m here to tell you that now, there’s a new way to get insured: at your local post office.

For just Rs 299, the Payment Bank at the Post Office offers an insurance plan with coverage of Rs 10 lakh. What’s more, this policy also comes with additional benefits—a pretty good deal compared to traditional plans. The age limit for entry is between 18 and 65 years old, so it’s a great option for all age groups. If you can’t afford expensive insurance plans or have been unable to qualify for coverage in the past, this could be your ticket to a secure future.

The Rs. 299 Post Office Insurance Scheme.

You may be asking how insurance for Rs 299 is possible. The Post Office Insurance Program makes it feasible, which is the good news. For only Rs 299, you can avail a policy worth Rs 10 lakh. This programme is intended to make insurance available to people who cannot afford policies by paying large sums.

The Payment Bank of the Post Office offers this facility, and you can join the scheme if you are in the age bracket of 18 to 65 years. Furthermore, the Rs 299 policy comes with some additional benefits that make it even better value for money.

So don’t worry if you don’t have insurance, as you can now get insured at an affordable price at your local post office. With just Rs 299 and some documents, you can easily avail a policy worth Rs 10 lakh and receive additional benefits just for being part of this scheme!

Benefits of the Rs. 399 Policy.

When you purchase the Rs 399 policy from the post office, you don’t only get a policy worth Rs 10 lakh—you also get some additional benefits. These include coverage for accidents caused by both natural and man-made disasters, coverage for hospitalisation expenses, and an accidental death benefit. You can easily claim the amount using your Aadhaar card at ATMs or online for easy payments.

Furthermore, the insurance has a flexible payment option, so you are not required to make a one-time payment of Rs 399.You can pay it in multiple installments, with the premium being just Rs 3 per day. Plus, you can also conveniently pay your premiums at any post office near you.

So, if you’re looking for low-cost insurance coverage, the Rs 399 plan from Payment Bank or the Post Office is a great option.It provides value-for-money by offering maximum coverage at a minimal cost, along with flexible payment options and easy claims.

Who Is Eligible for It?

Perhaps you are one of the many people who is concerned about not having enough money to pay for insurance. The good news is, with just Rs 299, you can get insurance worth a whopping Rs 10 lakh when you go to the post office.
The facility is available through the Payment Bank of the Post Office, and not only do you get insurance worth Rs 10 lakh, but also some additional benefits. The eligibility criteria for getting this policy are fairly simple too—anyone aged between 18 and 65 years is eligible for the scheme.

That means, regardless of your financial situation, with just a nominal fee, you can get insurance coverage that will take care of your loved ones in case something happens to you. Moreover, since it comes with additional benefits, it’s like a two-for-one deal!

Additional Benefits of Post Office Insurance.
We know that Rs 299 seems like an amazingly low price for a policy worth Rs 10 lakh. But there’s more. Along with the policy, you get additional benefits like: Once a year, you get a free health checkup (you only pay for the tests). If you are hospitalised during the insurance period, you can save up to 10% on your hospital bills.

Tax benefits on the premium payments you make coverage for up to three members within the same family. This Post office insurance is not just beneficial for people who cannot afford costly insurance plans. It’s also easy to join and claim, as well as secure to invest in. So, if you’re ageing between 18 and 65 years, then why waste time? Simply go to the post office and purchase your post office insurance for Rs 299 and enjoy a secure future with peace of mind!

Eligibility Criteria for Post Office Insurance.

You can join this insurance scheme at the post office for Rs 299 if you are between the ages of 18 and 65.This policy also comes with some additional benefits, so let’s take a closer look at the eligibility criteria.
The Age Limit.

The age limit for joining the scheme is between 18 and 65 years old. You must be at least 18 years old and no more than 65 years old on the date of application to qualify for this insurance plan.

Other Criteria for Eligibility
You will also need to fulfil other criteria to be eligible, like your nationality and residence status, among others. You may need to provide supporting documents for verification as well, so make sure you have proofs of identity and residence ready when you apply for insurance from the post office.

Several kinds of insurance coverage are offered.

The Post Office Payment Bank offers three types of insurance policies with different coverage limits: basic (Rs 399), medium (Rs 599) and high coverage (Rs 699). All three policies come with an insurance cover of Rs 10 lakh and basic personal accident cover, along with a free Aarogya Setu surcharge waiver. As part of a legal requirement, there will be GST, or Goods and Services Tax, applicable on all plans that is charged over and above the premium amount charged by the insurer.

How to Join the Post Office Insurance Scheme
You must be wondering how to get post office insurance for just Rs. 399. Here’s how:

Step 1:
Visit your local post office and obtain the insurance document.

Fill up the necessary information, including your personal data, that of the beneficiary, that of the nominee, and any additional forms that may be needed.

Step 2:

Complete the application form by providing your bank account details along with KYC documents such as your Aadhaar number, PAN, etc. These papers will be needed to confirm the applicant for insurance’s identification.

Step 3:

Once you have provided all the required information and documents, submit the form with a payment of Rs 399 through cash, check, or demand draft.

Step 4:

After submitting all the necessary documents and making payment, you will receive a confirmation receipt from the post office that contains all the details of your policy, including the premium amount, sum assured, and policy term. Keep this copy safely for future reference. That’s it! Post office insurance is now available for as little as Rs 399, with coverage up to Rs 10 lakh!

Conclusion: All in all, the Payment Bank of the Post Office is a real blessing for those who can’t afford insurance with the big players in the market. For just Rs. 299, you may get an insurance policy with coverage up to Rs. 10 lakh.

With this policy, you’ll also get some additional benefits, such as free medical tests and discounts on treatment.
The Payment Bank of the Post Office is a great way for people on a budget to get the insurance coverage they need. So if you can’t afford to pay huge premiums, this policy is definitely worth a shot. With the Payment Bank of the Post Office, you too can get the financial protection you need without breaking the bank.


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