Pradhan Mantri Suraksha Bima Yojana: Who Qualifies and What You Get
Learn how to access accidental death and disability coverage through this affordable insurance scheme for bank account holders in India.
Pradhan Mantri Suraksha Bima Yojana is an accidental insurance scheme that provides financial protection in the event of death or disability caused by an accident.
Who it's for
This scheme is available to anyone who holds a bank account and is between the ages of 18 and 70.
What you get
If an accident leads to death or a permanent disability, the scheme provides a payment of ₹2 lakh to the insured person or their nominees.
What it costs you
It costs a small annual premium of ₹20. This amount is automatically deducted from your bank account once a year.
The catch to know
You must ensure your coverage is renewed every single year. It is important to check with your bank to confirm that the auto-debit feature is active so your coverage does not lapse.
How to apply
- Visit your bank branch or log in to your online banking portal.
- Request to enroll in the accidental insurance scheme.
- Ensure your bank account is set up for auto-debit to pay the annual fee.
- For more information, visit the official portal: https://jansuraksha.gov.in/