India Post Payments Bank is offering  Rs. 10 Lakhs Accident Insurance

India Post Payments Bank has launched two cheaper Accidental Insurance Schemes

Basic Plan  covers Rs 10 Lakhs Accidental Insurance with Premium of Rs 299/- per annum

Premium Plan covers Rs 10 Lakhs Accidental Insurance with Premium of Rs 399/- per annum

Basic Plan covers Accidental medical expenses upto Rs 60K and OPD upto Rs 30K

Premium Plan covers OPD Expenses upto Rs 60K.

Premium Plan covers benefits like last Rites upto Rs 5000/-

Premium Plan also covers benefits like Family Transportation Benefits upto Rs 25K

The major difference between Basic and Premium plan is that Basic plan does not offer Last Rites & Tranportation Benefits

Any person in the Age Group 18-65 can avail these plans