Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Launched on 9th May 2015
Main objective:
Provide accidental insurance cover to all Indian citizens
- Eligibility: Available to people in age group 18 to 70 years with bank account.
- Premium: Rs.12 per annum. Payment Mode: The premium will be directly auto-debited by the bank from the subscribers account. This is the only mode available.
- Risk Coverage: For accidental death and full disability – Rs.2 Lakh and for partial disability – Rs.1 Lakh.
- Eligibility: Any person having a bank account and Aadhaar number linked to the bank account can give a simple form to the bank every year before 1st of June in order to join the scheme. Name of nominee to be given in the form.
Official Website: http://www.jansuraksha.gov.in
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