The Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a government-backed accidental insurance scheme in India. It was launched by the Prime Minister of India with the aim of providing affordable accidental death and disability insurance coverage to individuals across the country. Here are some key features and details of PMSBY: 1. Eligibility: Any Indian citizen between the ages of 18 to 70 years can enroll in PMSBY. 2. Enrollment: To enroll in the scheme, individuals need to have a savings bank account and provide their consent for auto-debit of the premium from their bank account on an annual basis. 3. Premium: The premium for PMSBY is very low, typically around Rs. 20 per year, making it accessible to a wide range of people. This premium is deducted automatically from the subscriber's bank account. 4. Coverage: PMSBY provides insurance coverage for accidental death and disability. In case of accidental death, the insured person's nominee receives a lump sum payment of Rs. 2 la...
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