The Pradhan Mantri Suraksha Bima Yojana (PMSBY) is being run by the central government to provide financial security to the weaker sections. In this, life insurance of up to Rs 2 lakh is available at an expense of Rs 20 annually i.e. less than Rs 2 per month. In this insurance scheme, in case of any death of the beneficiary, the nominee or the family gets an amount of Rs 2 lakh. There is no need for any medical examination to buy insurance in this. Here we are telling you about this scheme … Assistance of Rs 2 lakh will be given in case of death in an accident
Rs 2 lakh will be paid in case of permanent complete disability in an accident like losing both eyes or both hands or both legs. Rs 1 lakh will be given in case of permanent partial disability in an accident like not being able to use one eye, or one hand or one leg. Who can take advantage of this
The age of the applicant should be at least 18 years. At the same time, only people up to 70 years will be able to take advantage of this insurance. The period of insurance cover is one year, which will be from 1 June to 31 May. Where can you avail the benefits of the scheme
Insurance under this scheme can be done through public sector insurance companies. Apart from this, you can avail the benefits of Pradhan Mantri Suraksha Bima Yojana from any branch of the bank. Wherever you have a bank account. Auto debit facility is available
To avail the benefits of PMSBY, it is necessary to have a bank account. If you have more than one bank account, you can avail this scheme from only one bank. Every year on May 31, a premium of Rs 20 will be deducted from your bank account through ‘auto debit’ facility. If there is not enough balance in the account to renew the policy, the policy will be cancelled. The policy can be restored after receiving the premium. The enrollment period under PMSBY is from June 1 to May 31. In case of an accident, the money should be claimed within 30 days. Click here for more information
