The government has implemented many schemes for the betterment of the poor. One such scheme is the Pradhan Mantri Suraksha Bima Yojana (PMSBY). Under this scheme, the government provides insurance of up to Rs 2 lakh to economically weaker people in just Rs 2.
The purpose of starting this scheme was to provide financial assistance to the head of a family in case of an accident. In this scheme, you have to invest Rs 20 annually and Rs 2 every month. On such a small investment, they get life insurance up to Rs 2 lakh. Let us know how to take advantage of this scheme.
Who will get the benefit of PM Suraksha Bima Yojana?
People from 18 to 70 years of age can take advantage of this scheme. The amount invested in it is automatically deducted from the linked bank account. In case of accident, death or disability of the insured person, insurance of up to Rs 2 lakh is available. At the same time, if the insurance holder becomes disabled in an accident, then an amount of Rs 1 lakh is given by the government. Apart from this, the nominee gets the entire sum insured after the death of the insured.
How to apply
Candidates can apply for this scheme in both online and offline mode. For online application visit https://www.jansuraksha.gov.in /. Here you have to fill the application form. Before submitting the form, you need to attach the documents with it. After this, you can contact your nearest bank branch for offline application.
Terms and conditions of the scheme
The applicant must have an active savings account to apply for the scheme. If the account becomes inactive, the policy will be terminated. Apart from this, you will have to re-invest in this scheme after 1 year. For auto-debit of the policy premium, the applicant will have to sign the letter of agreement.