PMSBY: Rs 20 will be deducted once from bank account, then you will get benefit of Rs 2 lakh..


In the present times, the importance of Life Insurance Plans is increasing. People are getting insurance in large numbers. However, during this time there are some people who are also facing many kinds of problems. In such a situation, the Pradhan Mantri Suraksha Bima Yojana (PMSBY) scheme provides life insurance at a very low premium. Let us tell you that PMSBY is such a scheme from the Central Government, under which the account holder gets an insurance cover of Rs 2 lakh for just Rs 20.


Let us tell you that the Central Government started the Pradhan Mantri Suraksha Bima Yojana a few years ago at a very nominal premium. The annual premium of PMSBY is only Rs.20. You have to pay this premium at the end of the month of May. This amount is automatically deducted from your bank account on 31st May. If you have taken PMSBY, then you must keep a balance in the bank account. Let's know about this scheme….

Know the terms and conditions of PMSBY
People between the age group of 18-70 years can avail the benefits of the PMSBY scheme. The annual premium of this scheme is only Rs 20. The premium of the PMSBY policy is also deducted directly from the bank account. The bank account is linked to PMSBY at the time of purchasing the policy. According to the PMSBY policy, if the customer purchasing the insurance dies in an accident or becomes disabled, his dependents get an amount of Rs 2 lakh.

Earlier the annual premium was Rs 12
Pradhan Mantri Suraksha Bima Yojana is an insurance scheme launched by the Government of India in the year 2015. In this, a cover of up to Rs 2 lakh is given in case of an accident. To avail of this benefit, the annual premium is Rs 20 from June 1, 2022. Before June 1, 2022, the premium was only Rs 12. The objective of PMSBY is to provide security to the large population of India whose income is very low.


Know how to register
You can apply for this policy by visiting any branch of the bank. Bank Mitras is also delivering PMSBY to every home. Insurance agents can also be contacted for this. Government insurance companies and many private insurance companies also sell this plan.
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