Let us tell you that this scheme of the first term of Modi government is a one year accidental insurance scheme. Under this, death or disability due to accident is covered.
There are two such schemes of the Central Government in which you can get insurance cover by making a small investment. One such scheme is Pradhan Mantri Suraksha Bima (PMSBY). This scheme, started during the first term of Prime Minister Narendra Modi, provides a cover of up to Rs 2 lakh. Let us know about this scheme.
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
This scheme of the first term of Modi government is a one year accidental insurance scheme. Under this, death or disability due to accident is covered. It is renewed from year to year. Let us tell you that individuals in the age group of 18-70 years who have an individual bank or post office account are eligible to enroll under the scheme.
What is the premium of the plan: Accidental death cum disability cover of Rs 2 lakh (Rs 1 lakh in case of partial disability) is available for death or disability due to accident at a premium of Rs 20/- per annum. Nomination under the scheme can be done by visiting the account holder’s bank branch/BC point or the bank’s website or in the case of Post Office Savings Bank account, at the post office. Under the scheme, the premium is auto debited from the customer’s bank account every year based on the lump sum mandate of the account holder.
Let us tell you that earlier the premium of this scheme was Rs 12 per year. However, the government increased this premium to Rs 20 last year. Detailed information about the scheme and forms (in Hindi, English and regional languages) is available at https://jansuraksha.gov.in.
