Context:
The Pradhan Mantri Suraksha Bima Yojana (PMSBY) provides one years personal accident insurance to those aged 18 to 70 years, with a cumulative enrollment of 475.9 million.
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Pradhan Mantri Suraksha Bima Yojana (PMSBY) is an insurance policy that provides financial assistance in case of accidental death or disability due to:
- Launch Date
- 9th May, 2015
- Department
- Department of Financial Services.
- Features
- Under this scheme, the nominee gets Rs 2 lakh in case of death in an accident.
- In case of partial or incomplete disability, Rs 1 lakh is given.
- Premium
- The annual premium for this scheme is Rs 20.
- Age Eligibilty
- This scheme is for people between 18 to 70 years of age who have a bank account.
- Benefit Through
- The benefit of this scheme can be availed only through a savings account.
