Post Office 399 Insurance Scheme - India's best Insurance scheme in 2023
Post Office 399 Insurance Scheme : Recently, you heard about 399 Post office scheme. Do you know what is post office scheme 399? If not, then you have to read this post to learn recently launched post office insurance scheme 399. India Post office department has launched an insurance scheme for people. We can get insurance up to 10 lakh by this insurance scheme for just 399/- & 299/- rupees premium only.
Post Office 399 Insurance Scheme - India's best Insurance scheme in 2023
Post Office 399 Insurance Scheme: Life is full of uncertainties and accidents can happen at any time. While accidents are not planned for, one can certainly plan for contingency expenses. Now, IPPB’s Group Personal Accident Insurance provides accident coverage to all its customers. Buying contingency insurance can be the best option to keep unexpected expenses under control. IPPB customers aged 18-65 years can avail these two policies for one year by paying the required premium.

India Post Rs. 399 Premium Insurance Plan
  • The Rs 399 premium plan offers you cover for one year. It promises you Rs 10 lakh in case of accidental death or permanent total disability, permanent partial disability and accidental dismemberment and paralysis. Accidental medical expenses can also be claimed in IPD up to Rs 60,000 in case of accidental medical expenses in OPD and Rs 30,000 in IPD.
  • With this post office insurance you get Rs.399 at a premium of just Rs. 10 Lakh Insurance: India Post not only provides postal services but when it comes to banking services, it is a medium for many people. Especially in rural areas. Today India Post has a vast network across the country. Now, to protect its customers against accidental death or disability, India Post Payments Bank offers only Rs. 399 and Rs. 299 has issued a contingency insurance policy. While the premium plan for IPPB customers is Rs. 399, the basic plan costs Rs. 299 is.
399 Post Office Scheme details
  • It is a group accident Insurance scheme that provides us accidental coverage for our life. We know that our life is essential. Sometimes, bad events occur in our lives and we can't get various benefits without an insurance plan. So, we have to purchase a group accidental insurance plan.
  • Right now, after a collaboration of TATA AIG insurance and Post office department, India Post Payments bank launched a new Group Accidental insurance plan. It is also known as 399 Post office scheme.
  • Only IPPB account holders can get a 399/- post office insurance scheme. So, first of all, you have to open an IPPB account and then get a new post office insurance scheme.
Eligibility criteria for post office group accidental insurance plan
India Post office department fixed basic eligibility criteria for 399/- post office scheme. You can check it out below.
  • First of all, the customer must have an IPPB account.
  • Customers should age between 18 years to 65 years.
Post Office Insurance Scheme 399 plan details
Post Office Group Accidental Insurance has two types of plans. These are as under-
  • GAG Insurance Basic Option Plan
  • GAG Insurance Premium Option Plan
Post Office 399 Insurance Scheme - India's best Insurance scheme in 2023
Post office insurance scheme 399 features and benefits
We know that Post office group accidental insurance plan has a lot of benefits, which makes it India's best insurance scheme in 2023.
  • The main and basic features and benefits are listed here for a quick overview. 
  • When a death occurs within 1 year, it provides a 100% coverage limit of the sum insured.
  • It also covers permanent disability and partial disability coverage within 365 days.
  • It also covers Accidental Medical Expenses and hospitalization expenses due to accidents for a period of more than 24 hours.
  • It also provides educational benefits to the child of an insured person in case of accidental death or permanent disability.
  • It provides family transportation benefits. When an insured person is hospitalized due to an accident and his immediate family comes to meet him at the hospital, all expenses for this journey are claimed.
  • It also covers OPD expenses when an accident happens.
  • It also provides per day benefit to an insured person for the period of hospitalization due to an accident.
Post Office Insurance scheme 399 plan online Apply
If you are already IPPB customer, then you can easily apply for 399/- post office scheme. Just follow the below procedure to apply for it.
  • First of all, you have to visit your nearest IPPB branch.
  • Tell bank staff, you are an IPPB customer and wants to get 399 post office insurance scheme (accidental)
  • Bank staff will check your basic detail and he will apply for 
  • After that a confirmation message will receive on your registered mobiel number contains insurance policy number and other details.
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FAQs Post Office 399 Insurance Scheme:
What is IPPB 399 insurance plan?
Group Accident Insurance (Group Accident Guard)
GAG Insurance Premium Option
  • Accidental Death 1000000
  • Family Transportation Benefits Rs 25000 or actuals whichever is lower
  • Last Rites Benefit Rs 5000 or actuals whichever is lower
  • Post Tax Premium 399
What is the age limit for postal accident insurance 399?
Anyone aged between18 and 65 years can join this insurance plan.

How to claim 399 post office insurance?
Insured Person(s) can notify a Claim by sending an SMS CLAIMS to 5616181 or by calling The Company's 24x7 toll free helpline 1800-266-7780 or 1800 229966 (only for senior citizen Policy holders).