Post Office Health Insurance 755 Plan: How It Works and How to Apply

Accidents can bring unexpected medical expenses and financial stress. Between 2018 and 2022, the number of road accidents in India increased consistently. In the first six months of 2025, almost 27,000 people died in road accidents on the National Highway alone. 

Accidents, even amid the many road safety measures, are not always avoidable. A well-chosen health insurance plan can help you be best prepared for the uncertainties on the road.  To give access to an affordable insurance policy, the India Post Payments Bank (IPPB) has introduced the ₹755 annual premium plan. It is a personal accident insurance plan.

This guide presents Post Office Health Insurance 755 Plan details, including coverage, eligibility, benefits, risks, and how to apply.

Table of Contents

1. What Is the Post Office Health Insurance ₹755 Plan?
   • Overview of the Scheme
   • Key Features at a Glance
   • Why It Is Called “Health Insurance”
2. Who Regulates the Plan
   • Role of India Post Payments Bank (IPPB)
   • Insurance Providers (IRDAI Approved)
   • Regulatory Authority (IRDAI)
3. Post office health insurance coverage and Benefits of the ₹755 Plan
   • Accidental Death and Disability Cover
   • Hospitalization and Medical Expense Benefits
   • Daily Hospital Cash & ICU Benefits
   • Additional Financial Assistance (Fracture, Funeral, etc.)
4. Coverage Summary (Benefits Table)
5. Accidents Covered Under the Plan
   • Types of Accidents Covered
   • Eligible Events and Situations
6. What Is Not Covered (Exclusions)
   • Illness and Disease-Related Treatments
   • Self-Inflicted Injuries
   • Alcohol/Drug-Related Incidents
   • Hazardous Activities
7. Important Limitations and Conditions
   • Claim Timelines
   • Documentation Requirements
   • Policy Validity and Renewal Rules
8. Eligibility Criteria for the ₹755 Plan
   • Age Limits
   • IPPB Account Requirement
   • KYC and Residency Conditions
9. How to Apply for the Post Office ₹755 Insurance Plan

• Through Post Office Branch
• Via IPPB Representative or Postman
• Step-by-Step Application Process

11. Documents Required

• Identity Proof
• Address Proof
• Bank Account Details

12. Premium, Policy Term, and Renewal

• Annual Premium Structure
• Policy Duration
• Renewal Process and Continuity

13. Comparison: ₹755 Plan vs ₹299 Plan

• Feature Comparison Table
• Key Differences in Coverage
• Which Plan Should You Choose?

14. Claim Process: How to file a claim

• How to File a Claim
• Required Documents
• Claim Settlement Timeline

15. Advantages and Limitations of the ₹755 Plan

• Key Benefits
• Important Drawbacks

16. Who Should Consider This Plan

• Ideal Users
• Who Needs Additional Coverage

17. Conclusion: Is the ₹755 Plan Worth It?
18. FAQs

What is the Post Office Health Insurance 755 Plan?

The plan referred to in Post Office Health Insurance 755 Plan details is a Group Personal Accident Insurance Policy offered by India Post Payments Bank in partnership with insurance providers approved by the Insurance Regulatory and Development Authority of India (IRDAI). It provides accident-related financial protection with coverage up to ₹15 lakh for an annual premium of ₹755.

This plan is designed to make accident insurance accessible, especially for individuals in rural and semi-urban areas. It is specifically for the ones who have an IPPB account and can be bought from post offices or IPPB representatives. 

Overview of the Scheme

The main features of the plan include:

• Annual premium of ₹755 per person
• Maximum coverage amount of ₹15 lakh
• Coverage is limited to accidental injuries, disability, or death
• Validity period of one year, with renewal required annually
• Available to eligible IPPB account holders

The plan provides fixed financial benefits rather than covering all medical expenses. This distinction is important when evaluating the Post Office Health Insurance 755 Plan details.

Why It is Called “Health Insurance” Despite Being Accident Insurance

Many people refer to it as health insurance because it includes hospitalization-related benefits. However, it differs from comprehensive health insurance.

Accident insurance covers only injuries caused by accidents, such as road accidents or falls. It does not cover hospitalizations due to illnesses such as infections, cancer, or heart disease. Comprehensive health insurance covers both accidents and illnesses.

Understanding this distinction helps prevent confusion when reviewing the Post Office Health Insurance 755 Plan details.

Who Regulates the Insurance

The plan involves three main entities:

• India Post Payments Bank acts as the distributor
• Licensed insurance companies, such as Tata AIG, or others, provide the actual coverage
• IRDAI regulates insurance providers and ensures compliance

IPPB facilitates enrollment, but the insurer is responsible for claim settlement.

Post Office Health Insurance 755 Plan Details: Coverage and Benefits

The ₹755 plan provides multiple benefits related to accidents. These benefits include compensation for death, disability, and hospitalization resulting from accidents.

Accidental Death and Disability Coverage

This is the primary feature of the plan.

• Accidental death benefit: Up to ₹15,00,000 paid to the nominee
• Permanent total disability: Full coverage amount may be paid, depending on disability severity
• Permanent partial disability: Compensation based on insurer-defined percentage

This coverage provides financial support to families who lose income due to accidents.

hospitalization and Medical Expense Coverage

Unlike basic accident insurance plans, this policy includes limited hospitalization support:

• Accident-related hospitalization reimbursement: Up to ₹1,00,000
• Daily hospital cash benefit: ₹1,000 per day
• ICU hospital cash benefit: ₹2,000 per day

These benefits can help cover expenses such as medicines, travel, and caregiving costs.

Additional Financial Assistance Benefits

Some versions of the plan may include:

• Bone fracture compensation: Up to ₹25,000
• Funeral expense support: Based on policy terms
• Child education or marriage assistance: Applicable under certain insurer conditions

These additional features are important components of the Post Office Health Insurance 755 Plan details.

Coverage Summary 

Benefit Type	Coverage Amount
Accidental death	Up to ₹15 lakh
Permanent disability	Up to ₹15 lakh
Hospitalization reimbursement	Up to ₹1 lakh
Daily hospital cash	₹1,000 per day
ICU cash benefit	₹2,000 per day
Bone fracture compensation	Up to ₹25,000

What is Covered and Not Covered Under the Plan

Understanding coverage limitations is essential when reviewing the Post Office Health Insurance 755 Plan details.

Accidents Covered Under the Scheme

The plan covers injuries resulting from sudden, unexpected events such as:

• Road accidents involving vehicles
• Falls from height or slips
• Workplace accidents
• Electrocution injuries
• Burns caused by accidental events
• Natural accidental causes, such as lightning or snake bites

These events must meet the insurer’s definition of an accident.

What is Not Covered

The following situations are generally excluded:

• hospitalization due to illness or disease
• Pre-existing medical conditions
• Self-inflicted injuries
• Suicide attempts
• Injuries caused by alcohol or drug abuse
• Participation in hazardous or illegal activities

These exclusions clarify the scope of the Post Office Health Insurance 755 Plan details.

Important Limitations and Conditions

Policyholders should be aware of important conditions:

• Claims must be filed within specified timelines
• Required documents must be submitted
• Coverage ends if not renewed annually
• Compensation depends on the insurer’s assessment

Failure to follow claim procedures may result in rejection.

Eligibility Criteria for the Post Office Health Insurance 755 Plan

Eligibility criteria ensure that the plan is accessible while maintaining defined enrollment requirements.

Age Requirements

Applicants must meet the age criteria:

• Minimum age: 18 years
• Maximum age: 65 years

Coverage eligibility ends once the maximum age limit is crossed, unless insurer policies allow renewal.

Account Requirements

Applicants must have an active savings account with India Post Payments Bank. This requirement ensures premium payment and policy management.

Other Eligibility Conditions

Applicants must also:

• Complete KYC verification
• Provide a valid Aadhaar identification
• Be Indian residents

These criteria are part of standard enrollment under the Post Office Health Insurance 755 Plan details.

How to Apply for the Post Office Health Insurance 755 Plan

The application process is simple and designed to be accessible.

Applying Through a Post Office Branch

Steps include:

1. Visit a nearby post office offering IPPB services
2. Open an IPPB savings account if not already available
3. Request enrollment in the accident insurance plan
4. Provide identification and complete documentation
5. Pay the annual premium

Policy details are provided digitally or in print.

Applying through the IPPB Banking Representative or Postman

IPPB representatives can assist with enrollment at home. Biometric authentication may be used to verify identity.

This improves accessibility, especially in rural areas.

Documents Required

Applicants typically need:

• Aadhaar card
• PAN card (if required)
• IPPB account details

These documents help verify identity and process the insurance policy.

Premium, Policy Term, and Renewal Process

When you consider buying the 755 plan, knowing about the structure, duration, and renewal is important. Here’s a look at all of that: 

Premium Structure

For every single person, the amount is fixed at ₹755 per person. It’s for the whole year, not monthly. It has to be paid all at once. There’s no option for instalments. Once you pay the premium, your policy is issued, and coverage starts from the date mentioned on the issuance certificate. The premium price is at the insurer’s discretion, in partnership with IPPB. It can change in the future, but you’ll be notified. 

Policy Duration

The coverage is valid for one year only. In that time, the policyholder gets all benefits in case of a mishap. The coverage, however, is only for accidents that happen in the policy period. Anything before that is not counted for claim benefits. You, as a policyholder, will get all the documentation with details, validity, amount covered, and also the terms and conditions. 

Renewal and Continuity

The policy is to be renewed annually. If you don’t do that before the expiration date, the coverage will automatically end. No benefits will be applicable after that. You can renew it from your India Post Payments Bank account at any time, at any branch. For that, you need to keep a close eye on the timelines. This way, you can manage the Post Office Health Insurance 755 Plan details effectively. 

Comparison: ₹755 Plan vs ₹299 Post Office Accident Insurance Plan

IPPB offers another accident insurance plan with lower coverage.

Feature	₹755 Plan	₹299 Plan
Annual premium	₹755	₹299
Maximum coverage	₹15 lakh	₹10 lakh
Hospital reimbursement	Yes	No
Daily hospital cash	Yes	No
Disability coverage	Yes	Yes
Death benefit	Yes	Yes

Key Differences in Coverage

The ₹755 plan includes hospitalization reimbursement and daily cash benefits. The ₹299 plan focuses mainly on death and disability compensation.

Which Type of User Each Plan Is Designed For

The ₹755 plan may be suitable for individuals seeking additional financial support during hospitalization. The ₹299 plan provides basic accident coverage.

Limitations of the Lower Premium Plan

Lower-cost plans may lack hospitalization support, which could increase out-of-pocket expenses.

Claim Process: How to File a Claim

Claims must follow insurer procedures.

Steps to File a Claim

1. Inform the insurer or IPPB immediately after the incident
2. Submit the claim form and required documents
3. Provide medical and accident reports
4. Wait for insurer verification and approval

Required Documents

Documents may include:

• Hospital records
• Identity proof
• Death certificate (if applicable)
• FIR or accident report

Claim Settlement Timeline

Settlement timelines vary depending on documentation and insurer verification.

Advantages and Limitations of the Post Office Health Insurance 755 Plan

Evaluating benefits and limitations helps in informed decision-making.

Advantages

• Affordable premium compared to many insurance products
• Accessible through the widespread post office network
• Includes hospitalization cash benefits
• No medical test required

Limitations

• Covers accidents only, not illnesses
• Limited reimbursement amount
• Requires annual renewal
• Does not replace comprehensive health insurance

These factors are important when reviewing the Post Office Health Insurance 755 Plan details.

Who Should Consider This Plan

Suitability depends on financial needs and existing insurance coverage.

Suitable User Groups

This plan may be considered by:

• Self-employed people
• People in high-risk work
• People who don’t have any other accident insurance

Who May Need Additional Coverage

Individuals who may need separate health insurance if they want coverage for:

• Illness-related hospitalization
• Chronic disease treatment
• Major surgeries unrelated to accidents

Conclusion

The ₹755 plan offered through India Post Payments Bank provides financial protection in case of accidental death, disability, and hospitalization caused by accidents. When reviewing the Post Office Health Insurance 755 Plan details, you will notice that it offers coverage of up to ₹15 lakh at a relatively low annual premium.

What you must remember is that this plan does not offer comprehensive health insurance. It does not give cover for ailments or anything that is non-accidental.