Summary: The Post Office Insurance ₹350 plan is an affordable insurance option listed in India Post Payments Bank (IPPB) insurance materials. Learn about its coverage, benefits, eligibility, premium and how to verify the policy before applying.
Introduction
Post Office Insurance ₹350 is a topic of interest for people looking for affordable financial protection through India Post Payments Bank. With a relatively small premium, insurance products distributed through IPPB can provide financial support against specified risks. However, it is important to understand the difference between India Post, IPPB and the insurance company providing the actual coverage. This guide explains the available ₹350 insurance option, what to check before purchasing it and where to find official information.
What Is Post Office Insurance ₹350?
According to the official IPPB insurance brochure dated January 2026, the ₹350 option provides insurance coverage with a sum insured of ₹5 lakh. It is offered through a partnership between India Post Payments Bank and Reliance General Insurance. The package includes accident-related protection and selected medical benefits, subject to policy conditions. The premium of ₹350 includes GST. India Post Payments Bank
Post Office Insurance ₹350 Benefits
The ₹350 insurance option includes several benefits designed to provide financial support following specified accidents.
Key benefits include:
- Accidental Death: Insurance benefit of ₹5 lakh.
- Permanent Total Disability: Coverage of ₹5 lakh.
- Permanent Partial Disability: Compensation based on the applicable percentage, up to ₹5 lakh.
- Accidental Hospitalisation: Eligible inpatient expenses up to ₹50,000.
- Family Transportation: Up to ₹15,000 or actual expenses, whichever is lower.
- Last Rites Expenses: Up to ₹5,000.
- Child Education Benefit: Up to 10% of accidental death sum insured, subject to a maximum of ₹1 lakh for up to two children below 21 years.
- Terrorism Cover: Included under the accident policy.
The package also lists unlimited general physician teleconsultations and discounts of up to 25% on routine laboratory tests and 15% on prescription medicines. These benefits are subject to the applicable policy terms. India Post Payments Bank
Who Can Apply for Post Office Insurance ₹350?
The official brochure displays an eligibility age range of 18 to 65 years. People interested in affordable insurance protection can enquire about this option through India Post Payments Bank.
Before enrolling, applicants should confirm the current eligibility requirements, documentation, policy period and applicable exclusions with the bank or insurer.
How to Apply for Post Office Insurance ₹350?
Follow these steps to enquire about the insurance plan:
- Visit your nearest India Post Payments Bank service point or participating post office.
- Ask about the Reliance General Insurance ₹350 option.
- Check the coverage details and eligibility requirements.
- Provide the required identification and other documents.
- Complete the application and payment through the authorised process.
- Collect your policy documents and check the coverage details.
You can also contact IPPB for assistance before visiting a branch.
IPPB Customer Care: 155299
Email: contact@ippbonline.in
Important Things to Know Before Applying
The ₹350 option should not be confused with a regular comprehensive health insurance policy. Its coverage is divided among group personal accident, group mediclaim and group hospital cash insurance benefits. Each benefit has its own conditions and limitations.
India Post Payments Bank acts as a corporate insurance agent and does not underwrite the insurance risk. Reliance General Insurance Company Limited is the insurer responsible for underwriting and claims decisions. Always read the policy wording before making payment. India Post Payments Bank
Frequently Asked Questions
1. What is the premium for Post Office Insurance ₹350?
The official IPPB brochure lists the total premium, including GST, as ₹350 for the ₹5 lakh coverage option.
2. How much insurance coverage is available?
The first option provides a sum insured of ₹5 lakh for accidental death and permanent total disability.
3. Does the ₹350 plan cover hospital expenses?
Yes. It lists eligible accidental inpatient hospitalisation expenses up to ₹50,000.
4. What is the minimum age to apply?
The brochure displays an eligibility age range of 18 to 65 years. Confirm the final eligibility conditions before enrolment.
5. Where can I get more information?
Visit the official India Post Payments Bank website or contact customer care at 155299.
Conclusion
Post Office Insurance ₹350 is an affordable insurance option listed in the India Post Payments Bank and Reliance General Insurance brochure. It offers ₹5 lakh accidental coverage along with selected medical and additional benefits. Before applying, check the latest premium, eligibility, exclusions and policy conditions through official channels.
Internal Link Suggestion:
Postal Life Insurance (PLI) – Eligibility, Benefits and Application Process.
Official External Links: