Good news for common people of India. It’s often said that if you can’t count on people, you shouldn’t expect much from anything else. That’s why many folks opt for insurance to help them through tough times. Different companies offer various premium rates, but do you know which one is the most affordable? If not, let me share some info about an insurance plan where you can get coverage of up to Rs 2 lakh by investing just Rs 20.
The Pradhan Mantri Suraksha Bima Yojana, launched by the Government of India, aims to provide financial relief to citizens by offering substantial coverage for a minimal premium.
This insurance is super cheap, costing only Rs 20
The Indian government has rolled out several schemes to benefit its citizens, and millions are taking advantage of them. To make life insurance accessible at a low cost, the Pradhan Mantri Suraksha Bima Yojana was introduced in 2015. With this plan, you can secure insurance coverage of up to Rs 2 lakh for just Rs 20. However, some people struggle to afford life insurance. That’s where the Pradhan Mantri Suraksha Bima Yojana comes in handy, providing coverage for just Rs 20. Let’s dive into how you can apply for it.
What do you need to know?
Anyone aged between 18 and 70 can sign up for the Pradhan Mantri Suraksha Bima Yojana. If the insured person passes away due to an accident or any unfortunate event, their family receives Rs 2 lakh. Additionally, if there’s partial disability, the payout is Rs 1 lakh. For a person who is 18 years old, the annual premium is just Rs 20.
You can sign up for the Pradhan Mantri Suraksha Bima Yojana either online or offline. If you prefer the offline route, just head over to your bank where you have an account and fill out the application form there. For those who want to apply online, simply visit the official website at https://www.jansuraksha.gov.in/ and follow the steps to complete the form.