Modi government's plan & 2 lakh for insurance Have to pay Only 1 rupee & Full Details Open

Modi government's plan & 2 lakh for insurance Have to pay Only 1 rupee & Full Details Open

The Narendra Modi government at the Center had launched a scheme to provide insurance cover to the poor. Its name is Pradhan Mantri Suraksha Vima Yojana (PMSBY). Under this scheme, insurance cover of Rs. 2 lakhs is available on payment of an annual premium of only Rs. If you want, you have to pay only Rs. 1 per month out of 

◆ Find out what is this plan of Modi government

However the premium is deducted on an annual basis. You have to pay 12 rupees at a time. The annual premium of the security insurance plan is deducted till May 31 every year. But if you do not have balance in your bank account at the end of May, the policy may be canceled. Even if you join the insurance plan in the middle of the year, your premium will be valid till May 31. You will be informed about the premium deduction on the registered mobile number

◆ Benefits of the scheme

If the insured dies in an accident or becomes disabled, his dependent gets Rs 2 lakh. If he becomes permanently partially disabled, he is paid an amount of one lakh rupees. The scheme is open to people between the ages of 18 and 70. You need to have a bank account if you want to join the scheme. The scheme can be purchased digitally with a bank account. After that the premium money will be deducted every year. You can also join the scheme by visiting a bank branch.

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