IPPB Premium Aarogya Savings Account: India Post Payment Bank has recently made some changes in its important services, understanding the need of the customers. Yes, till some time ago, India Post Payment Bank used to provide the benefit of Pradhan Mantri Suraksha Scheme of Saving Bank, in which the customer got life insurance and accident insurance up to 2 lakhs. However, with time this scheme started losing its utility. People were using this account only as a savings account. Neither full health cover nor life security was available in it.
In such a situation, SBPRM scheme was discontinued in India Post Payment Bank and now Premium Arogya Saving Account has been launched in its place. This account will be operated by linking with India’s trusted health insurance company NIVA BUPA. Now on opening an account in India Post Payment Bank, customers will not only get the benefit of savings bank but health insurance will also be provided keeping in mind the health need. Premium Arogya Savings Account is not only a savings account but will also provide health insurance facility to crores of people of the country.
As we all know, even today crores of people of the country are deprived of adequate health insurance. There is a fear of losing their life savings on hospitalization. Especially these people living in rural and small towns do not have adequate knowledge of banking and neither the facility to take health insurance. In such a situation, now through the post office, the government will provide not only savings bank accounts but also the benefit of health insurance.
What is this Premium Arogya Savings Account Scheme of India Post Payment Bank
India Post Payment Bank’s Premium Arogya Savings Account Scheme is an integrated solution of banking and health security in which the customer gets health insurance cover of 1 lakh to 5 lakh on opening the account. Customers are not only able to increase the habit of saving but also get financial support in case of illness and emergency. On opening this account, the customer will get banking facilities as well as health insurance that too with affordable premium and very simple process.
The main objective of this important change is to ensure the availability of health insurance in every village. Also, the objective of this scheme is to provide relief in treatment to economically weaker families and to bring banking and insurance on a common platform. Premium Arogya Savings Account is not an account but a complete financial solution in which savings, health and future facilities will be made available to the customers.
What is NIVA BUPA Health Insurance?
NIVA BUPA Health Insurance is India’s leading health insurance company. This company provides an excellent health insurance plan for individual family and senior citizens. Let us tell you that IPPB has decided to provide health insurance facilities along with savings accounts to the customers in collaboration with NIVA BUPA. In collaboration with NIVA BUPA Health Insurance, IPPB has started the facility of IPPB Premium Arogya Savings Account in which customers get health coverage of Rs 5 lakh, cashless hospitalization facility and 24/7 helpline support. Meaning, now customers will be able to take full advantage of NIVA BUPA Health Insurance after opening an account in the post office.
What will be the Benefits of Premium Arogya Saving Account
- Under the Premium Arogya Saving Account, customers will not only get the benefit of regular interest rate on opening an account, but will also get health insurance cover of 1 lakh to 5 lakh.
- Cashless treatment facility will also be provided in more than 10000 network hospitals.
- Under this scheme, customers can cover themselves as well as their family members.
- However, a separate premium will have to be paid for this, which will be very minimal.
- Here premium will be charged at government rates, which will be affordable and will not be heavy on the pocket of the customers.
To take advantage of this facility, a digital process is being adopted so that customers can easily open an account with Aadhaar OTP and if needed, all kinds of assistance should be made available to the customers 24 hours and seven days a week.
Who can open this account
- To open this account, the applicant must be a citizen of India.
- The age of the applicant must be between 18 and 65 years.
- The applicant must have all the necessary KYC documents.
- And if the applicant does not have an account in IPPB, then he will have to open a new account to avail this facility.
Complete process of opening Ippb Premium Arogya saving account
To open a Premium Arogya Saving Account from Ippb, customers have to go to Gramin Dak Sevak or the nearest post office. Here they have to complete the process of opening this account with their necessary documents. For this, Gramin Dak Sevak or India Post Payment Bank employees complete the following step by step process.
- First of all, the employees have to open the Ippb Agent App from their smartphone.
- This is a special authorized app which is only with the agent.
- After opening this app, the agent has to select a Premium Arogya Saving Account.
- After selecting this option, the agent will enter the Aadhaar number of the customer.
- After entering the Aadhaar number, OTP will come on the customer’s mobile, which the agent will have to complete the KYC process.
- After this, the agent will need the customer’s photo, fingerprint and signature.
- After that the agent has to enter the personal details of the customer in which the customer’s name, address, date of birth, gender, mobile number, PAN number, nominee etc. will be entered.
- After this, NIVA BUPA Health Insurance Plan has to be selected.
- Here the agent tells the customer three options
1 lakh,
3 lakh,
5 lakh
- The customer has to select the plan according to his need and budget.
- After this, the customer can pay in cash or pay from the IPPB account or pay the premium amount by scanning UPI or QR code.
- As soon as the payment is completed, the customer’s Premium Arogya Saving Account is opened and the insurance policy is activated.
- The complete details of this account are also sent to the customer through SMS email in which the account number, IFSC code, insurance policy number and tax details are given.
- After opening the account, the customer can check the balance in this account, make transactions, download mini statements or deposit payment in the account through QR code through Ippb mobile banking app.
How much premium will have to be paid in this plan
The amount of premium in this plan depends on the amount of insurance and age of the customer. For example, if the age of the customer is 18 to 35 years and the customer wants insurance of ₹ 100000, then the customer will have to pay 400 to ₹ 600 annual premium. At the same time, a customer of 51 to 65 years of age may have to pay a premium of ₹ 1000 for insurance of 1 lakh.
At the same time, customers of 18 to 35 years of age may have to pay a premium of 1500 to 2000 for insurance of 5 lakh and customers of 51 to 65 years of age may have to pay an annual premium of Rs 3500.
Conclusion: IPPB Premium Aarogya Savings Account
Overall, with the advent of this new facility, banking and insurance have now been integrated, which is not only benefiting the customers but also improving the relationship with India Post Payment Bank. It is important for the employees to get complete details of this new facility and definitely install IT 2.0 and IMA in their mobile to provide seamless service to the customers.
