Under the Pradhan Mantri Suraksha Bima Yojana, the government provides accidental insurance coverage to the people at a very high premium. This accidental insurance is up to Rs 2 lakh, for which only Rs 20 per year premium has to be paid.

Every person needs to take insurance. There are many types of insurance. It includes many insurances like health insurance, life insurance, and accidental insurance. People can take insurance according to their needs. However, it is very difficult for poor people to take insurance because paying the insurance premium becomes very difficult for them. Some people can meet their essential expenses with great difficulty. In such a situation, paying the insurance premium is even more difficult for them.

In view of this problem, the Pradhan Mantri Suraksha Bima Yojana (PMSBY) is being run by the government. Under this scheme, people are given insurance at a very low premium. Let us know about the Pradhan Mantri Suraksha Bima Yojana.

Pradhan Mantri Suraksha Bima Yojana

Under the Pradhan Mantri Suraksha Bima Yojana, the government provides accidental insurance coverage to the people at a very high premium. This accidental insurance is up to 2 lakhs, for which only 20 rupees annual premium has to be paid. Under this accidental insurance, after the death of the insured person due to an accident, the insurance amount is given to his family. Apart from this, the insurance amount is also given if the insured person becomes disabled due to an accident. With this scheme, poor people can easily protect themselves by taking insurance.

Who can take advantage?

Any Indian citizen can take insurance under the Pradhan Mantri Suraksha Bima Yojana. The age limit in this scheme is from 18 years to 70 years, that is, only persons of this age can buy this accidental insurance under this scheme.