Insurance: Government's special scheme for people between 18 and 70 years of age, by paying ₹20 annually you will get insurance up to 2 lakhs..

Accident insurance is like a security cover for your family. In this, if the insured person dies accidentally or suffers any physical injury, then a certain amount is given to the family members as financial help. This insurance becomes helpful for you and the family at a time when money and support are needed the most. However, it becomes a bit difficult for financially weak people to pay the premium of the insurance policy, so they try to avoid such expenses.

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The Government of India runs a special scheme to provide security to the families of such people. The name of the scheme is Pradhan Mantri Suraksha Bima Yojana. Accidental insurance cover of up to Rs 2 lakh is given in this scheme. Its premium is so nominal that anyone can pay it very easily. The premium is only Rs 20

If your age is between 18 years to 70 years, then you can easily take advantage of this scheme. For this, the person has to pay an annual premium of only Rs 20. Under the scheme, if the insured person dies due to any accident, then the nominee is given the help of up to Rs 2 lakh. Apart from this, in case of complete disability such as complete loss of eyes, loss of hands and feet, complete loss of one eye or one hand or one foot, a benefit of up to Rs 2 lakh is given. In case of permanent partial disability, a benefit of up to Rs 1 lakh can be given.

Terms and conditions of Pradhan Mantri Suraksha Bima Yojana

The annual premium of Rs 20 given for Pradhan Mantri Suraksha Bima Yojana is valid only for 1 year. After this, the scheme has to be renewed.

In case of death or disability in an accident, the insurance amount will be given as per the rules.

The age of the plan should be between 18 to 70 years and the applicant should be an Indian.

The candidate must have an active savings account. In case of closure of the account, the policy will also lapse.

The applicant has to sign a consent form for auto debit of the policy premium.

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