Pradhan Mantri Suraksha Bima Yojana (PMSBY) is run by the central government to provide economic security to the weaker sections. In this, life insurance up to Rs 2 lakh is available at a price of Rs 20 per year, which is less than Rs 2 per month.
In this insurance scheme, in case of death of the beneficiary, the nominee or the family receives an amount of Rs 2 lakh. In this, no medical examination is required to take out insurance. We are talking to you here about this diagram
Assistance of Rs 2 lakh will be given in case of death in an accident In case of permanent total disability due to an accident like loss of both eyes or both hands or both legs, Rs 2 lakh will be paid. In case of permanent partial disability due to an accident like loss of use of an eye, hand or leg, Rs 1 lakh will be given.
Who can benefit from it? The age of the applicant must be at least 18 years old. At the same time, only people aged 70 or less will be able to benefit from this insurance. The duration of insurance coverage is one year, from June 1 to May 31.
Where can you benefit from the benefits of the program? Insurance under this scheme can be purchased from public sector insurance companies. Apart from this, you can avail the benefits of PM Suraksha Bima Yojana from any branch of the bank. Anywhere you have a bank account.
An automatic flow function is available To benefit from the benefits of PMSBY, you must have a bank account. If you have multiple bank accounts, you can only benefit from this program with one bank. Every year on May 31, a bonus of Rs 20 will be deducted from your bank account via the “Auto Debit” feature.
If there is not sufficient balance in the account for policy renewal, the policy will be canceled. The policy can be reinstated upon receipt of the premium. The PMSBY registration period runs from June 1 to May 31. In the event of an accident, the money must be claimed within 30 days. Click here for more information