The central government has started insurance schemes with very low premiums, with the help of which even a low income person can take insurance cover.
PMSBY: Since the Corona Pandemic, people have started understanding the importance of insurance. People are becoming aware about life, health, medical insurance. But the corona epidemic has made insurance expensive. There are many people who are unable to get insurance even if they want to.
The government has come forward in the matter of insurance to help those people who are unable to take advantage of insurance due to lack of money. The central government has started insurance schemes with very low premiums, with the help of which even a low income person can take insurance cover.
A common man can give a secure assurance to his family by taking advantage of the government’s Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). Here we are discussing these two schemes in detail-
PM Suraksha Bima Yojana
The government has started Pradhan Mantri Suraksha Bima Yojana for account holders in any bank. In this plan, you can take an insurance cover of Rs 2 lakh at a premium of just Rs 12 a year. Pradhan Mantri Suraksha Bima Yojana is a type of accident insurance policy under which the amount of insurance can be claimed in case of death or disability at the time of accident.
This scheme is for the people in the age group of 18 to 70 years having a bank account. Under this scheme, if the insured person dies in an accident, then his family members will get two lakh rupees. Apart from this, if both eyes or both hands or both legs are damaged in an accident of the insured, then he will get 2 lakh rupees. In case of partial disability, a sum insured of Rs 1 lakh will be given.
PM Suraksha Bima Yojana Premium
For PMSBY, the account holder will have to pay only Rs 12 per year which will be deducted directly from the account by the bank.
For this, the forms are filled before 1st June every year. You can fill the form by going to the bank where you have an account. After submitting the form, the bank will deduct the premium amount from the account.
Keep in mind that if you have two savings accounts in two different banks and both the accounts are linked to Pradhan Mantri Suraksha Bima Yojana, then the sum insured will be continued on one account only. The amount of premium paid by the other account will be withheld.
To join the Pradhan Mantri Suraksha Bima Yojana, you must first link your Aadhar card with the bank. After this, before June 1 every year, a form will have to be filled and given in the bank. In this way you can take advantage of Pradhan Mantri Suraksha Bima Yojana.
Insurance cover from 1st June to 31st May
Under the Pradhan Mantri Suraksha Bima Yojana scheme, insurance cover is available only from June 1 to May 31. For this you need to have a bank account. If the bank account gets closed or there is not enough balance in the account at the time of deduction of premium, then your insurance can also get canceled.
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