Pradhan Mantri Suraksha Bima Yojana (PMSBY)
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. 12/-
- 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.
