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Insurance : Insurance cover of Rs 2 lakh is available in just Rs 20, know how

PMSBY: In today’s time, the importance of life insurance is increasing a lot. A large number of people are getting insured. However, there are some people who are facing many types of problems. In such a situation, Pradhan Mantri Suraksha Bima Yojana (PMSBY) provides life insurance at low premium. Under PMSBY, the account holder gets an insurance cover of Rs 2 lakh for just Rs 20.

According to media reports, a few years ago the Central Government had started PMSBY at a very nominal premium. The annual premium of PMSBY is only Rs 20. You have to pay this premium at the end of May. This amount gets automatically deducted from your bank account on 31st May. Let’s know about this scheme.

Insurance: Insurance cover of Rs 2 lakh is available for Rs 20.

People between the age of 18 years to 80 years can take advantage of this scheme. This is the plan. The annual premium of this plan is only Rs.20. The premium of this policy is also deducted directly from the bank account.

The bank account is linked to this scheme at the time of purchasing the policy. According to PMSBY, if the customer purchasing the insurance dies in an accident or becomes disabled, his dependents get an amount of Rs 2 lakh.

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Earlier the annual premium was Rs.12.
Pradhan Mantri Suraksha Bima Yojana was launched by the Government of India in the year 2015. This is an insurance scheme. In the Pradhan Mantri Suraksha Bima Yojana, a cover of up to 2 lakh is given in case of an accident.

To take advantage of this scheme, the annual premium from 1st June 2022 is Rs.20. Before June 1, 2022, the premium was only Rs 12. The objective of this scheme is to provide security to the large population of the country, whose earning is very low.

Register like this

You can register for this policy by visiting the bank branch. You can also contact the insurance agent for this. Government insurance companies and many private insurance companies also sell this plan.

Bhupendra Pratap
Bhupendra Pratap
Bhupendra Pratap has over 3 years of experience in writing finance content, entertainment news, cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me
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