Pradhan Mantri Suraksha Bima Yojana: Get ₹2 Lakh Insurance for Just ₹20, Apply Like This

Pradhan Mantri Suraksha Bima Yojana: The central government has taken several schemes to strengthen the financial and social well-being of the common citizens of the country. One of these schemes is the Pradhan Mantri Suraksha Bima Yojana. This insurance scheme was launched by the government in 2015. It is an accidental insurance. This insurance is available with a premium of 20 rupees per year. The government launched this insurance for the low-income group. According to the statement, the purpose of this scheme is to stand by people and help them in times of danger.

Who can take the benefits of this scheme?

In the Pradhan Mantri Suraksha Bima Yojana, if the insured dies in an accident or becomes completely disabled or partially disabled, a cover of one lakh rupees will be available. The benefits of the Pradhan Mantri Suraksha Bima Yojana can be taken for only 20 rupees. It will provide financial support to the family in times of crisis. People between the ages of 18 and 70 can take the benefits of this scheme.

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It has the facility of auto debit

To withdraw the benefits of PMSBI, it is necessary for you to have a bank account. If you have more than one bank account, you can take that benefit from only one bank. On or before the first of every year, the premium of Rs. 1 crore will be deducted from your bank account through auto debit facility. If the insured dies in an accident, the family will get a financial assistance of Rs. 2 lakh. Even if the insured is completely disabled in an accident, they will get a financial assistance of Rs. 2 lakh.

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Enrollment Period

If there is not enough balance in the bank account for premium renewal, the policy will be closed. In this situation, all account holders will have to ensure that there is at least Rs 20 in their account before May 31. The Pradhan Mantri Suraksha Bima Yojana enrollment period is from June 1 to May 31. As per government statistics, the government has paid Rs 2302.26 crore in claims under this scheme till 26/8/2023.