Pmsby premium: Pradhan Mantri Suraksha Bima

Pradhan Mantri Suraksha Bima Yojana ( PMSBY ) is a government accident insurance plan in India. It helps people aged 18 to 70 years with a savings bank account get affordable coverage for accidental death and disability. This scheme aims to improve financial security for citizens. The insurance provides one year of coverage that can be renewed each year at a low premium of ₹20. What Is The Premium Amount? The premium amount is Rs.12 per annum per member and will be auto-debited from the account of the holder. The premium is a nominal amount to encourage the weaker sections to participate in the scheme. The amount will be deducted on or before June 1st; if it is deducted after June 1st, then the cover shall commence on the date of auto-debit. What Is Covered In The Pradhan Mantri Suraksha Bima Yojana ? The risk cover is Rs. 2 lakh for accidental death and permanent ... the 74% cap are to be invested in India as per regulations and cannot be invested abroad. The premium charged for PMSBY has been worked out based on actuarial ca Pradhan Mantri Suraksha Bima Yojana ( PMSBY ) is a scheme for accident insurance launched by the Indian government. Get more details about Eligibility & How to Enroll.