In his first term, PM Modi had launched two schemes for insurance cover to the people. These include Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana . Through this, you can get insurance cover up to Rs 4 lakh by paying a nominal premium. Pradhan Mantri Jeevan Jyoti Bima Yojana was started by the Central Government in 2015. Under this scheme, a person aged between 18 to 50 years is given insurance up to Rs 2 lakh.

If the person dies during the insurance coverage, then his dependents are given an insurance of Rs 2 lakh. For this, the insured has to pay a premium of Rs 436 every year and gets coverage for one year (from June 1 to May 31).

Pradhan Mantri Suraksha Bima Yojana

A person aged between 18 to 70 years can avail the benefit of Pradhan Mantri Suraksha Bima Yojana. This was also started by the Central Government in 2015. Under this scheme, accidental death or total disability insurance of Rs 2 lakh and partial disability insurance of Rs 1 lakh is provided.

To avail the benefits of this scheme, the insured has to pay a premium of Rs 20 annually. You can apply for this scheme by going to your bank. Its premium is also valid for one year (from June 1 to May 31). The facility of auto debit of premium bank of PMSBY is also provided.

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In such a situation, Pradhan Mantri Suraksha Bima Yojana (PMSBY) scheme provides life insurance at a very low premium. Let us tell you that PMSBY is such a scheme from the Central Government, under which the account holder gets an insurance cover of Rs 2 lakh for just Rs 20.

Let us tell you that the Central Government had started the Pradhan Mantri Suraksha Bima Yojana a few years ago at a very nominal premium. The annual premium of PMSBY is only Rs.20. You have to pay this premium at the end of the month of May. This amount is automatically deducted from your bank account on 31st May. If you have taken PMSBY then you must maintain balance in the bank account. Let’s know about this scheme….

Know the conditions of PMSBY

People between the age of 18-70 years can take advantage of the PMSBY scheme. The annual premium of this scheme is only Rs.20. The premium for PMSBY policy is also deducted directly from the bank account. The bank account is linked to PMSBY at the time of purchasing the policy. According to the PMSBY policy, in case of death in an accident or disability of the customer who bought the insurance, an amount of Rs 2 lakh is given to his dependent.

The first was 12 rupees per annum premium

Pradhan Mantri Suraksha Bima Yojana is an insurance scheme launched by the Government of India in the year 2015. In this, a cover of up to 2 lakh is given in case of an accident. To take advantage of this, from June 1, 2022, there is an annual premium of Rs 20. Before June 1, 2022, the premium was only Rs 12. The objective of PMSBY is to provide security to the large population of India whose income is very low.

Know how to register:

You can apply for this policy by visiting any branch of the bank. Bank Mitras are also delivering PMSBY door to door. Insurance agent can also be contacted for this. Government insurance companies and many private insurance companies also sell this plan.

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Under this scheme, if you have only Rs 20, then you can avail insurance cover up to Rs 2 lakh. Let us tell you that under the scheme, coverage of Rs 2 lakh is available for accidental death and permanent total disability. At the same time, Rs 1 lakh is given on permanent partial disability. However, let us know the details of this plan.

What is the plan

This is a one year accident insurance plan, which is renewable every year. This plan covers death or disability due to an accident. Individuals in the age group of 18-70 years having account in savings bank or post office are eligible for registration under this scheme.

May 31 is an important day

The coverage period under this scheme is from 1st June to 31st May. Renewals are done annually on or before 31st May. Under this, an amount of Rs 20 will automatically be deducted from your account.

How to register

Registration under the scheme can be done by visiting the branch/BC point or website of the account holder’s bank or by visiting the post office in respect of post office savings bank account. Under the scheme, the premium can be paid by auto-debit from the bank account based on the order placed by the subscriber only once.

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