Our central government launched a life insurance scheme for the weaker section of the society who cannot pay high insurance premium. This is a social security plan named pradhan mantra suraksha bima yojana and the age group for which this scheme is available is 18 -70 years. It will give you a benefit of 2 lakh in case there will be a sudden accidental demise of that person and full disability or 1 lakh for partial disability.
This scheme is launched in 2015 and its annual premium is Rs 12 including GST you need to renew this cover every year to get its benefits.
Premium of scheme
This is one year insurance scheme for weaker section of society. Its annual premium is RS 12 annually with GST. You need to renew this scheme every year to get its benefits.
Eligibility for the scheme
To be a part of this scheme you have to submit application to the bank. Any individual can also apply online after logging in to your netbanking. Age limit is 18 to 70 years and you have bank account also if you have multiple bank accounts you can have this insurance with one account only.
How to apply for Pradhan Mantri Suraksha bima yojana
One can apply for this scheme by sending application to the bank or can apply online by log in to your net banking account. Documents required to avail this scheme
1. Applicant Aadhaar card
2. Bank account passbook
3. Age certificate
4. Income certificate
5. Mobile number
6. Passport size photo
This insurance scheme is offered by any public sector general insurance company or any other general insurance companies who are willing to offer the product on similar terms or tie up with the banks for this purpose ,accordingly to the statement of the centre.
Benefits of Pradhan Mantri Suraksha Bima yojana
1. The benefit of this scheme can be availed by all sections of society especially for the backward and weaker sections of the society.
2. if a person dies through accident suddenly or get fully disable he will get benefit of 2 lakh and in case of partial disability there will be a benefit of 1 lakh.