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Pradhan Mantri Suraksha Bima

Pradhan Mantri Suraksha Bima Yojana is a government scheme launched on 9th May 2015 by GOI.

PMSBY is an life Accidental insurance scheme offering coverage for death due to accidental cases except suicide.

Eligibility: Age group of 18 to 70 years with a bank account at a premium of ₹ 20 per annum.

Premium to Pay: The premium of ₹ 20 per annum is to be deducted from the account holder's bank account at the time of enrollment which is renewable in the month of May every year.

Benefits to Customers/Public:

The risk coverage under the scheme is ₹ 2 lakh for accidental death or full disability and ₹1 lakh for partial disability.

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