Medical cover for just 20 rupees, claims up to this large amount.

PM Bima Suraksha Yojana: You can get extensive medical cover for just a small premium, and learn how this plan can help you in difficult times.

People used to consider insurance a burden. But things have changed. Medical emergencies can suddenly cost a skyrocket. In such a situation, low-cost coverage can be a significant help. Many government schemes are specifically designed for those who cannot afford premiums.

The government's Pradhan Mantri Bima Suraksha Yojana came as a relief to families who had no means to deal with sudden accidents. The aim of this scheme was to ensure that every citizen had basic safety at a minimal cost.

This scheme provides accident insurance cover. This means that if a person suffers a serious accident and loses his or her life, his or her family can receive financial assistance. This cover is designed to support poor and needy families in times of crisis.

An annual premium of just ₹20 provides accident cover of ₹2 lakh. Launched in 2015, the scheme has since seen millions of people join. If the policyholder dies in an accident, the nominee receives the entire sum assured.

The scheme isn't limited to death coverage. If the policyholder becomes partially disabled in an accident, ₹1 lakh is paid. In case of total disability, ₹2 lakh is paid. This directly benefits not only the family but also the policyholder.

Any outstanding feature of this scheme is its simple process. The annual premium is ₹20 and is auto-debited directly from the account. The cover is valid from June 1st to May 31st of every year. This eliminates the need to remember dates or worry about separate payments.

Any Indian citizen between the ages of 18 and 70 can enrol. Interested individuals can fill out the form at their bank or nearest Common Service Centre. Due to low premiums and large cover, this plan is still one of the most affordable protection options.