Pradhan Mantri Jan Suraksha Bima Yojana Policy
Pradhan Mantri Jan Suraksha Bima Yojana Policy (PMSBY) Insurance is not a newer concept to India; however, its reach is still much limited. In spite of so many insurance companies operating in India with their products and services, there are a majority of people in rural areas, who are not at all covered under any kind of insurance. Pradhan Mantri Suraksha Bima Yojana is for them. These people are those who are mostly below the poverty line and insurance is an unaffordable service for them. PMSBY aims to reach such people with its benefited insurance schemes after the successful performance of Jan Dhan Yojana. Suraksha Bima Yojana Benefits The death benefits are up to 2 lakhs In case of irrecoverable and total loss of both hands, both eyes or sight or one leg or foot, the insurance cover would be up to 2 lakh In case of lost of one leg, hand, foot, eye or sight, the sum assured would be Rs 1 lakh Suraksha Bima Yojana Premium The premium for PMSBY is such