PM Safety Insurance Scheme: There are many types of insurance, such as health insurance, life insurance, term insurance and accident insurance etc. Everyone has different advantages. Many people have become very aware of health insurance, but some people still do not pay attention to it. According to financial experts, this insurance should be with you so that you or your family can help in times of trouble.
Thus, rich people are able to buy this insurance, but poor and middle class people are unable to buy it due to expensive insurance. For such people, the government runs some schemes at very low premiums. One of these schemes is Pradhan Mantri Suraksha Bima Yojana. Under this scheme, an accident insurance cover of up to Rs 2 lakh is provided. To avail the scheme, a person will have to pay a premium of only 20 rupees annually, which any person can easily repay. Let’s know here the special things related to this scheme.
Plan for people between 18 and 70 years of age
The objective of PMSBY is to provide safe insurance to the large population of India. Earlier its annual premium was Rs 12, which has been increased from 1 June 2022 to Rs 20. This is the amount that even poor people can easily bear. If the insured dies during the accident, the insurance amount is given to their nominated person. People between 18 and 70 years of age can take advantage of this scheme. If the age of the beneficiary is 70 years or more then the Pradhan Mantri Suraksha Bima Yojana will end. The insurance amount is deducted from your account before 1 June every year.
There is a profit of Rs 2 lakh in these situations
Under this scheme, if the insured dies, then up to Rs 2 lakh is given to the designated person. In addition, a profit of up to Rs 2 lakh is provided in the event of full disability such as eye loss, loss of arms and feet, one eye or one hand or one leg loss. A profit of up to Rs 1 lakh can be provided in the event of permanent partial disability.
Terms and conditions of Pradhan Mantri Suraksha Bima Yojana
– The annual premium of Rs 20 to be given for Pradhan Mantri Suraksha Bima Yojana is valid for only 1 year. After this, the scheme will have to be renewed.
– In the event of death or disability in accident, insurance amount will be paid as per rules.
– People aged 18 to 70 will be able to take advantage of this scheme and the applicant should be Indian.
– Candidate should have an active savings account. The policy will also be eliminated in case the account is closed.
– The applicant will have to sign the consent form for automatic debit of policy premium.
