TATA AIG Group Accident Guard – India Post Payments Bank | A new Group Accident Guard Policy product (General insurance) is launched & enabled in IPPB micro atm from 16th June 2022 This is a very good insurance scheme provided to all IPPB customers. Insurance cover of Rs 10 lakh at just { 399 including tax. Plus lot of additional benefits. Please go thorough the above pamphlet & video once for login procedure. Requesting all micro atm end-users to kindly publicize this product & do at least 1 policy & get activated
TATA AIG Group Accident Guard – India Post Payments Bank
IPPB Group Accident Guard Policy (GAG)I IPPB Tata AIG Group Accident Guard Policy
Products Features/Covers –
GAG Insurance Premium Option
| Accidental Death | 1000000 |
| Permanent Total Disability | 1000000 |
| Permanent Partial Disability | 1000000 |
| Accidental Dismemberment and Paralysis | 1000000 |
| Accidental Medical Expenses IPD | Fixed upto Rs 60,000 or actual claims whichever is lower |
| Accidental Medical Expenses OPD | Fixed upto Rs 30,000 or actual claims whichever is lower |
| Education Benefit | 10% of SI or Rs 100000 or Actual whichever is lower for maximum 2 eligible children |
| In-Hospital Daily Cash | Rs 1000 per day upto 10days (1day deducible) |
| Family Transportation Benefits | Rs 25000 or actuals whichever is lower |
| Last Rites Benefit | Rs 5000 or actuals whichever is lower |
| Post Tax Premium | 399 |
GAG Insurance Basic Option
| Accidental Death | 1000000 |
| Permanent Total Disability | 1000000 |
| Permanent Partial Disability | 1000000 |
| Accidental Dismemberment and Paralysis | 1000000 |
| Accidental Medical Expenses IPD | Fixed upto Rs 60,000 or actual claims whichever is lower |
| Accidental Medical Expenses OPD | Fixed upto Rs 30,000 or actual claims whichever is lower |
| Post Tax Premium | 299 |
BENEFITS OF GROUP ACCIDENT POLICY
Accidental Death : It covers Death due to Accident within 365 days of the accident date. Coverage limit is 100% of Sum Insured.
Accidental Dismemberment and Paralysis : It covers Dismemberment which is permanent in nature & occurs within 365 days of the accident Date. Paralysis is the loss of the ability to move (and sometimes to feel anything) in part or most of the body, as a result of an Injury.
Education Benefit : Entire sum insured is payable in case of accidental death / permanent total disability. Benefit payable for eligible child who is full time student in any Institution.
Permanent Total Disability : It covers Total Disability which is permanent in nature & occurs within 365 days of the accident Date. Coverage limit is 100% of Sum Insured.
Accidental Medical Expenses in-patient department (IPD) : It Covers hospitalization expenses due to accident for period more than 24 hours.
In Hospital Daily Cash : Provides per day benefit for the period of Hospitalization due to Accident.
Family Transportation Benefits : Expenses incurred by any immediate family member of the insured on making travel arrangements to meet the insured person who is hospitalized and situated more than 150-kilo meters from his residence.
Permanent Partial Disability : It covers Partial Disability which is permanent in nature & occurs within 365 days of the accident Date. Coverage limit is as per % specified in policy document.
Accidental Medical Expenses Outpatient Department (OPD) : It covers Out Patient expenses due to accident in which the Insured Person visits a clinic/ hospital or associated facility like a consultation room for diagnosis and treatment based on the advice of a Medical Practitioner.
Last Rites Benefit : If we have accepted a claim under Accidental Death benefit, then we will in addition pay fixed amount towards funeral expenses
Features of Group Accident Insurance
| Entry Age | 18 To 65 Years |
| Policy tenure | 1 Years |
| Policy offered to | IPPB Customers |
What Does Group Accident Insurance Not Cover?
- Suicide
- Military services or operations
- War
- Illegal act
- Bacterial Infections
- Disease
- AIDS
- Dangerous sports etc.
| Download In English | Click Here |
| Download In Hindi | Click Here |
| Official Website | Click Here |
TATA AIG Group Accident Guard – What Does Group Accident Insurance Not Cover ? Suicide, Military Services or Operations, War, Illegal Act, Bacterial Infections, Disease, AIDS, Dangerous Sports Etc.