Rs 20 Premium, Rs 2 Lakh Protection: Eligibility, Benefits, How to Apply

The central government's Pradhan Mantri Suraksha Bima Yojana gives you accident insurance up to ₹2 lakh for a premium of just ₹20 per year. Anyone between 18 and 70 years old can sign up for this scheme.

Pradhan Mantri Suraksha Bima Yojana

Insurance is a must for a secure life. The government's Pradhan Mantri Suraksha Bima Yojana offers a safety net for low-income families. The best part? You get accident insurance up to ₹2 lakh by paying only ₹20 a year.

Pradhan Mantri Suraksha Bima Yojana

The government launched this scheme back in 2015. Anyone aged between 18 and 70 can join. The premium is automatically taken from your bank account through auto-debit, so you don't have to worry about renewing it.

Insurance cover

The scheme pays out ₹2 lakh in case of accidental death. You get the same amount for total loss of both hands, both feet, or both eyes. For partial disability, the scheme provides ₹1 lakh.

Pradhan Mantri Suraksha Bima Yojana

This policy is valid from June 1 to May 31 every year. You can just go to your nearest bank branch and fill out a form to join. It's a fantastic chance for poor and middle-class families to get financial security for a very small price.