Pradhan Mantri Suraksha Vima Yojana(PMSBY) is a scheme in which an insured of Rs 2 lakh gets insurance cover of Rs 2 lakh.
What is 12 rupees after all. A bottle of water is sold in the market today for a higher price. But here 12 rupees can give you a benefit of 2 lakhs. The central government launched the Pradhan Mantri Suraksha Bima Yojana with the country’s poor in mind. By depositing a premium of Rs 12 per year in this scheme, you get a life insurance guarantee of up to Rs 2 lakh from the government.
Pradhan Mantri Suraksha Vima Yojana(PMSBY)
The central government launched a security insurance scheme for the country’s poor. According to our associate zeebiz.com, by depositing a premium of Rs. 12 per annum in this scheme, you get a life insurance guarantee of up to Rs. 2 lakhs from the government. That means you have to spend only 1 rupee per month.
Money is deducted in May of each year
The annual premium of Pradhan Mantri Suraksha Vima Yojana (PMSBY) goes up on 31st May. The premium is Rs. If there is no balance in your bank account at the end of May, the policy will be canceled. Let me tell you, the bank sends an alert message to the customers to deposit the premium. That is why customers need to have a balance in their account.
These are the conditions
Pradhan Mantri Suraksha Vima Yojana can be availed by people in the age group of 18-70 years. The annual premium of this plan is only Rs. PMSBY policy premium is also deducted directly from the bank account. The bank account is linked to PMSBY at the time of purchase of the policy. According to the PMSBY policy, in case of accidental death or disability of the insured customer, his dependents get an amount of Rs. 2 lakhs.
Learn how to register?
- You can apply for this policy by visiting any branch of the bank.
- Bank friends are also delivering PMSBY door-to-door.
- An insurance agent can also be contacted for this.
- Government insurers and many private insurers also sell this plan.
What documents will be required?
- Aadhar card of the applicant
- Bank account passbook
- Age certificate
- Certificate of income
- Mobile number
- Passport size photo