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PMSBY

Pradhan Mantri Suraksha BimaYojana (PMSBY) is a government-sponsored accidental insurance scheme aimed at providing financial protection in the event of accidents. With an extremely low annual premium, PMSBY offers coverage against accidental death and disability, ensuring peace of mind for individuals and their families.

Overview

  • One year Life insurance scheme.
  • Auto renewed every year.
  • Offering coverage for death or permanent disability due to accidents.

Eligibility

Anyone of age between 18 and 70 years can join the scheme through a Savings bank account

Features

  • The scheme offers a sum assured of Rs. 2 lakh on death of the insured member due to any accident annual premium of Rs. 20/-
  • The coverage for permanent disability is up to Rs. 2 lac
  • From date of joining to the following 31st May
  • Amount will be automatically debited from the SB account between 20th to 31st May.
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