Understanding the Basics: PM Suraksha Bima Yojana and its Life-Saving Features

The Pradhan Mantri Suraksha Bima Yojana, also known as PM Suraksha Bima Yojana, is one of the most popular insurance schemes offered by the Indian government. The scheme was launched in May 2015 and aims to provide accidental death and disability insurance coveragde to individuals in the age group of 18 to 70 years at an affordable premium. The scheme has been successful in reaching out to the masses, providing an insurance cover of up to Rs. 2 lakhs with a premium of just Rs. 12 per annum.

PM Suraksha Bima Yojana is a government-sponsored scheme that provides low-cost accidental death and disability insurance coverage. The scheme aims to benefit vulnerable and economically weaker sections of society who do not have access to such insurance coverage. The scheme is open to all individuals within the age group of 18 to 70 years who have a savings bank account and are willing to pay the premium. The scheme can be purchased by any individual from the branches of participating banks or online through net banking facilities.

The primary objective of the scheme is to provide a safety net to individuals from the vulnerable sections of society. The PM Suraksha Bima Yojana provides individuals with an insurance cover of Rs. 2 lakhs in case of accidental death or permanent disability, and Rs. 1 lakh in case of partial permanent disability. The scheme also covers natural death due to any cause.

The premium for the scheme is very low, starting at just Rs. 12 per annum. This makes it an affordable option for individuals from all sections of society. The insurance cover provided by PM Suraksha Bima Yojana is renewable on an annual basis and can be discontinued if the individual does not wish to renew it.

The PM Suraksha Bima Yojana is an ideal scheme for individuals who do not have other life insurance or group health insurance policies. The scheme provides a safety net to the policyholder and their family in case of accidental death or disability. The scheme aims to benefit individuals who are prone to accidents due to their occupation or lifestyle.

The insurance coverage provided by the PM Suraksha Bima Yojana includes accidental death, permanent total disability, permanent partial disability, and natural death due to any cause. The scheme provides financial support to the policyholder and their family in case of accidental death or disability. The insurance cover provided by the scheme is a one-year renewable policy.

The PM Suraksha Bima Yojana is a step towards protecting individuals from the financial burden of an accident. The scheme enables individuals to plan for their future and secure their family’s financial future in case of an accident. The scheme is a small step towards building a financially secure society and protecting the vulnerable sections of society.

The PM Suraksha Bima Yojana is being promoted by the government as a mass insurance product. The scheme has been successful in reaching out to the masses, with more than 13 crore people enrolled in the scheme since its launch in 2015. The scheme is open to all individuals from the age group of 18 to 70 years who have a savings bank account.

The PM Suraksha Bima Yojana is a significant step towards ensuring financial inclusion. The scheme targets individuals from vulnerable sections of society, who are often left out of the insurance coverage offered by private insurance companies. The scheme provides affordable insurance coverage to individuals and enables them to plan for their future and secure their family’s future in case of an accident.

The PM Suraksha Bima Yojana is an ideal scheme for individuals who do not have group health insurance or life insurance policies. The scheme provides insurance coverage against accidental death and disability at an affordable premium. The scheme provides a safety net to the policyholder and their family and enables them to plan for their future.

The PM Suraksha Bima Yojana is a significant step towards building a financially secure society. The scheme aims to provide insurance coverage to all individuals, irrespective of their socio-economic background. The scheme promotes financial literacy and encourages individuals to plan for their future and secure their family’s financial future.

In conclusion, the PM Suraksha Bima Yojana is a government-sponsored scheme that provides low-cost accidental death and disability insurance coverage. The scheme aims to benefit vulnerable and economically weaker sections of society who do not have access to such insurance coverage. The scheme provides insurance coverage against accidental death and disability at an affordable premium. The scheme provides a safety net to the policyholder and their family in case of an accident. The PM Suraksha Bima Yojana is a significant step towards building a financially secure society and promoting financial inclusion.