In today’s time, it is important to have insurance. But due to high premium, it is not available in the budget of the poor. In view of the accidents that occurred, the government has introduced a scheme with cheap premium. Which you can take by giving only 1 month.
In today’s time, it is important to have insurance. But due to high premium, it is not available in the budget of the poor. In view of the accidents that have come, the government has started a scheme with cheap premium. Which you can take by paying a premium of only 1 rupee per month and 12 rupees annually. These schemes are Pradhan Mantri Suraksha Bima Yojana (PMSBY). This is an accident insurance plan. The PMSBY scheme’s premium is cut on an annual basis in May. This scheme runs on 1 June to 31 May basis. So let’s know everything about the scheme …
Pradhan Mantri Suraksha Bima Yojana – PMSBY
Under Pradhan Mantri Suraksha Bima Yojana, you can get Accidental and Disability cover by spending only Rs. 12. Under this scheme, compensation of Rs 2 lakh is given on death of the insured or if he is disabled. At the same time, he gets a cover of Rs 1 lakh in case of partial disability. Under this scheme, any person between the age of 18 to 70 years can take cover.
To take advantage of this, it is necessary to have a bank account. Insurance can be canceled if the bank account is closed or there is insufficient balance in the account at the time of deducting premium. If the Joint Bank Account Holders want to take advantage of the scheme, then all the holders of the account will have to pay the premium annually.
Know all the important things related to it
PMSBY is offered by public sector general insurance companies or other general insurance companies. This insurance will end when the insured person is 70 years old. Individuals who skip the scheme can join it again by paying annual premium but some conditions will apply. In case of injury or disablement, the claim amount will be paid to the insured’s account. In case of death in the accident, payment will be made to the nominee’s account. It will be necessary to report the police in case of road, rail or any other accident, drowning in water, death due to involvement in crime. In cases of snake bites, falls from pedas, the claim will be found on the basis of hospital records.
How can you register,
apply to any nearest bank and apply for registration in PMSBY. If you want, you can also take help of a friend or insurance agent. Government insurance companies and many private insurance companies are offering these schemes in association with banks.