A big scheme from the Indian Postal Department. It is easy to afford. It will help people who are financially weak. This scheme is called the Post Office Annual Insurance Policy. In this scheme, you can get benefits of up to ten lakh rupees.
For this scheme, you only need to pay 565 rupees. It is made for low-income people, including the middle class and lower middle class.
The premium of this scheme is only 565 rupees per year. It is a very cheap and useful scheme. For a small premium, you can get coverage up to ten lakh rupees. Any Indian between 18 and 65 years can join this scheme.
The best part of this scheme is that no medical test is needed. It gives coverage not only for natural death but also for accidents. For accidental treatment, you can get 1 lakh rupees. Policy holders can also get bonuses. This makes the scheme more special.
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People who want to apply for the Post Office Insurance Policy can visit the nearest post office and open an account. The staff will explain all the details of the scheme.
To apply, you need documents like Aadhaar card, PAN card, and passport size photo. After submitting the form, you have to pay the premium. Then your policy will start.
