india employmentnews

Policy: Your property will be protected for just Rs 80, this new insurance policy is coming.


In the election environment, on the one hand, the issue of inheritance tax is viral. Imagine how it would be when you could get property insurance coverage for just Rs 80.

Pic Credit: UnsplashAgencies

Property protection for Rs 80 Insurance regulator IRDAI is working on a model policy that will provide basic health, accidental, and property cover to every person along with life insurance.

IRDAI made a plan

IRDA is working on a model policy named Insurance Extension. Like its other model insurance, this will be a part of the insurance trinity.

The name will be Insurance extension

In the insurance extension policy, people will get life insurance of Rs 2 lakh, for which a premium of Rs 820 will be charged. Personal accident cover will be available for just Rs 100.

Benefits of insurance extension

Under this scheme, people will get property insurance for just Rs 80 and health cover for Rs 500. In this way, the total premium for insurance extension will be Rs 1500.

Property insurance will be available for ₹80

In insurance expansion, the facility of insurance coverage can also be provided to the entire family. There is a possibility that an extra premium of Rs 900 will be charged for this.

The family will also be safe

According to BT News, under the insurance extension, people will get health coverage of up to Rs 500 for 10 days. This will be a kind of hospital cash.

Hospital cash will be given for treatment

In this way, in this insurance policy, people can claim hospital expenses up to Rs 5000 without showing any bill.

Health cover up to Rs 5000

Insurance extension policies should reach more and more people. For this, it is also being considered to give a 10% commission to the agents selling it. Agents will also benefit