Big Relief at a Low Cost! Get This Accidental Insurance for Just ₹20 Per Year
Affordable Accidental Insurance Under PMSBY
The Indian government offers an affordable accidental insurance plan under the Pradhan Mantri Suraksha Bima Yojana (PMSBY), providing coverage of up to ₹2 lakh for a mere ₹20 annual premium. This initiative aims to ensure financial security for low-income individuals who may struggle to afford regular insurance policies.
Why Insurance is Essential?
Insurance is a crucial financial tool that protects individuals against unforeseen events. There are various types of insurance, such as:
Among these, accidental insurance is often overlooked, yet it plays a vital role in offering financial support in case of mishaps. However, many low-income families find it challenging to afford insurance premiums. To address this issue, the Indian government launched PMSBY, allowing people to secure accidental coverage at an extremely low cost.
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Key Features of PMSBY:
- Coverage Amount: ₹2 lakh for accidental death or full disability.
- Premium: Only ₹20 per year, making it highly affordable.
- Eligibility: Indian citizens aged 18-70 years.
- Renewal: The policy is renewed annually.
- Payout Conditions:
- In case of accidental death, the nominee receives the full amount.
- In case of permanent disability, a part of the sum is paid to the insured person.
How PMSBY Helps the Underprivileged?
Many people in rural and semi-urban areas struggle to manage essential expenses, making insurance an unattainable luxury. With PMSBY, individuals from all economic backgrounds can secure financial protection against accidents.
Steps to Enroll in PMSBY:
- Visit Your Bank: Most banks offer PMSBY enrollment.
- Fill Out the Form: Submit the required documents and personal details.
- Auto-Debit Feature: The annual premium is deducted automatically from the linked bank account.
Who Can Apply for PMSBY?
- Any Indian citizen aged 18-70 years.
- Must have a savings bank account.
- Enrollment is done through public and private banks.
Why PMSBY is a Game-Changer?
With rising accidents and unforeseen events, having a safety net is crucial. PMSBY ensures that even individuals with low income can afford insurance and protect their families from financial crises.
If you haven’t enrolled in PMSBY yet, visit your bank today and secure your future with just ₹20 per year!
